HB959

Pennsylvania HB959 amends tax laws to provide interest on overpayments and due taxes, and repeals outdated interest provisions.

Pennsylvania HB959 amends the Tax Reform Code of 1971 to revise provisions regarding interest on overpayments and taxes due to the Commonwealth. The bill specifies that interest shall be allowed and paid on overpayments from the date of the overpayment until the date of the refund check, up to thirty days prior. It also mandates that interest on taxes due to the Commonwealth shall be paid from the date the taxes become due until paid, at a rate set by the Secretary of the Treasury. Additionally, the bill repeals outdated interest provisions from The Fiscal Code.