2006 House Bill 6241

Revise SBT "look-back" period

Introduced in the House

June 21, 2006

Introduced by Rep. Gary Newell (R-87)

To establish that a company can only be held liable for three years worth of tax payment deficiencies under the Single Business Tax, and that fines and interest can only be assessed on three years' worth of back taxes owed. Under current law the limit is four years. See House Bill 6240.

Referred to the Committee on Tax Policy