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Bill would limit purchase-and-use tax refund window to one year
Summary
Committee considered language that would cap the period for applying for a purchase-and-use tax refund at one year; members compared similar changes to diesel tax and asked for no objections.
During markup members reviewed Section 23 of S.123, which would limit the time for a taxpayer to seek a purchase-and-use tax refund to one year.
Committee members described the change as aligning refund timeframes with recent shifts in related tax rules; one member likened it to the diesel tax refund window that had been shortened from three years to one year. Staff said the language places a one-year limit on the circumstances under which a refund can be requested, and no committee member raised substantive objections at the time.
Ending: Committee signaled informal agreement to the one-year refund window and moved on to the next sections of the bill.
