2017 Regular Session
|At the request of:||(at the request of Governor Kate Brown for Department of Revenue)|
|Regular Sponsors:||Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with presession filing rules, indicating neither advocacy nor opposition on the part of the President.|
|Bill Title:||Relating to tax interest rate computations; and prescribing an effective date.|
In computation by Department of Revenue of interest due on tax deficiency owed to department or refunds of tax owed by department, replaces rate based on month or partial month with annual percentage rate computed daily.
Standardizes department procedures by delaying running of interest on overpayments of certain taxes. Applies to tax deficiencies or refunds owing as of January 1, 2018. Takes effect on 91st day following adjournment sine die.
|Chapter Number:||Chapter 278|
|Fiscal Impact:||No Fiscal Impact|
|Revenue Impact:||Has Minimal Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||Chapter Number Assigned|
|Current Committee:||Joint Committee On Ways and Means|