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AR HB1796
Bill
Status
Failed
5/1/2017
Primary Sponsor
Mickey Gates
Click for details
AI Summary
- Reduces the time limit for collecting taxes by levy or court proceeding from 10 years to 7 years after the date of tax assessment
- Establishes a 7-year statute of limitations for tax audits, preventing audits of assessments, payments, returns, and refunds occurring more than 7 years before the earlier of when a return was required to be filed or when it was actually filed
- Applies to tax years beginning on or after January 1, 2017
Legislative Description
To Amend The Time Limitations For Tax Assessments, Collections, Refunds, And Prosecution; And To Limit The Time Available For A Tax Audit.
Last Action
Died in House Committee at Sine Die Adjournment
5/1/2017
Committee Referrals
Revenue and Taxation3/2/2017
Full Bill Text
No bill text available