Modifies interest rates for delinquent tax payments and refunds.
Amends tax interest rates for delinquent payments and refunds. Sets interest rates for refunds not paid within specified timeframes. Adjusts interest rates for underpayments of estimated tax payments. Clarifies that interest rates apply to delinquencies occurring after the act's effective date. Establishes penalties for late tax payments and clarifies conditions for penalty remission. Effective November 1, 2025.
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