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Senate passes bill limiting penalties and interest on tax filings; amendment clarifies definition for beginning farmers

2753374 · February 13, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Senate substitute for Senate Bill 67, intended to protect taxpayers from penalties and interest and to mirror federal filing deadlines, passed third reading; a floor amendment clarified the taxpayer definition for beginning farmers and drew brief questions on equal-application concerns.

Senate substitute for Senate Bill 67, described by its sponsor as legislation to protect taxpayers from unfair penalties and interest and to mirror federal filing deadlines, passed third reading on the Senate floor.

The sponsor, identified in the record as the senator from Saint Francis, said the bill "is the taxpayer protection against penalties and interests" and that it mirrors existing statute language used for a prior "Champion…

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