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Committee adopts amendment clarifying April 15 filing date and 60‑day interest waiver for tax credit claims in House Bill 326
Summary
The House Ways and Means Committee adopted an amendment and substitute to House Committee Substitute for House Bill 326 that clarifies the April 15 filing deadline for certain tax credits and creates a 60‑day window to pay an underpayment without interest or penalty after taxpayers receive corrective notices.
The House Ways and Means Committee voted to adopt an amendment and substitute for the committee substitute for House Bill 326 that clarifies filing deadlines for certain tax credits and removes interest and penalties in limited circumstances.
The committee’s amendment clarifies that April 15 filing requirements for the tax credits follow the standard rule for returns: if April 15 falls on a weekend or holiday, the due date becomes the next regular workday. It also creates a limited safe harbor that preserves taxpayers from retroactive…
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