HB 1174 Summary

• Allows interest earned on payments held in the litigated claims fund to be paid to prevailing claimants in nontaxation cases, rather than only at a fixed rate of two percent per year.

• Establishes a procedure for claimants whose payment under protest suits are dismissed as premature because the agency has not yet rendered a final decision.

• Permits claimants to refile their action within thirty days after the agency renders a final decision, with the court maintaining jurisdiction over the refiled action.

• Requires agencies to refund payments with accrued interest if they do not render a final decision within one hundred eighty days of payment or if they decide in favor of the claimant.

• Takes effect upon approval.