North Carolina H1164 modifies the penalty for insufficient funds on tax payments to be fairer to taxpayers.

North Carolina H1164 modifies the penalty for insufficient funds on tax payments to be fairer to taxpayers. The bill changes the penalty for insufficient funds to the greater of twenty-five dollars or ten percent of the total payment amount, subject to a maximum of one thousand dollars. This change aims to ensure the penalty structure is fair to taxpayers and aligned with cost recovery for counties. The bill also appropriates funds for educational materials and assistance to the public and county tax collectors regarding the change in law.

North Carolina H1164 modifies the penalty for insufficient funds on tax payments to be fairer to taxpayers.

North Carolina H1164 modifies the penalty for insufficient funds on tax payments to be fairer to taxpayers. The bill changes the penalty for insufficient funds to the greater of twenty-five dollars or ten percent of the total payment amount, subject to a maximum of one thousand dollars. This change aims to ensure the penalty structure is fair to taxpayers and aligned with cost recovery for counties. The bill also appropriates funds for educational materials and assistance to the public and county tax collectors regarding the change in law.