MD HB1362 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 21 2012 - 25% progression, died in chamber
Action: 2012-03-06 - Hearing 3/20 at 1:00 p.m.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 21 2012 - 25% progression, died in chamber
Action: 2012-03-06 - Hearing 3/20 at 1:00 p.m.
Text: Latest bill text (Introduced) [PDF]
Summary
Altering the calculation of the monthly interest rate on tax deficiencies and refunds to one-twelfth of an annual interest rate equal to 3 percentage points above the average prime rate of interest quoted by commercial banks to large businesses during the State's previous fiscal year; providing that the interest rate may not be less than a specified rate for specified calendar years; repealing a requirement that the Comptroller annually set the interest rate; etc.
Title
Interest Rate on Tax Deficiencies and Refunds
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-06 | Hearing 3/20 at 1:00 p.m. | |
| 2012-03-05 | Re-referred Ways and Means | |
| 2012-02-21 | First Reading House Rules and Executive Nominations |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/HB1362.htm |
| Text | http://mlis.state.md.us/2012rs/bills/hb/hb1362f.pdf |
