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AR HB1866
Bill
Status
4/8/2015
Primary Sponsor
Mickey Gates
Click for details
AI Summary
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Amends Arkansas Code § 26-18-306(i)(1) to modify time limitations for filing refund or credit claims for state tax overpayments, requiring filing within 3 years from return filing or 2 years from tax payment, whichever expires later.
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Exempts taxes paid as a result of an audit or proposed assessment from the standard refund claim filing deadline.
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Allows taxpayers subject to an audit to file refund claims for overpayments occurring at any time during the audit period.
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Caps total refunds for the extended audit period at an amount not exceeding the total amount assessed during that same audit period.
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Approved April 7, 2015.
Legislative Description
To Allow A Taxpayer To Claim A Refund Or Credit For An Overpayment Of A State Tax During The Same Period Of Time That The State May Assess Overdue Taxes.
Last Action
Notification that HB1866 is now Act 1254
4/8/2015