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HI SB3172

Bill

Official Source

Status

Introduced

1/28/2026

Primary Sponsor

Angus McKelvey

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Requires the Department of Taxation to accept and evaluate offers in compromise within 180 calendar days, and transmit offers exceeding $50,000 (requiring Governor approval) to the Governor within 30 days of completion
  • Establishes automatic release of tax liens once the underlying tax liability becomes unenforceable due to expiration of the collection statute of limitations, with the department required to record a certificate of release within 30 days
  • Limits audit lookback periods for unfiled tax returns to six years after the prescribed filing date, except in cases of fraud or intent to evade tax
  • Applies the six-year limitation to both income tax (Chapter 235) and general excise tax (Chapter 237) assessments and collection proceedings
  • Takes effect January 1, 2027, applying to taxable years beginning after December 31, 2026

Legislative Description

Relating To Taxation.

General Excise Tax

Last Action

Referred to WAM/JDC.

2/2/2026

Committee Referrals

Ways and Means2/2/2026

Full Bill Text

No bill text available