Bill Positions

Bill Number: SB 455

Bill Title: Personal Property Tax - Refunds and Reports - Interest

Bill Sponsor(s): Harford County Senators .

Subject: Budget & Taxation

Committee: B&T

Bill Summary: This bill would provide that a county need not pay interest on a refund claim for business personal property taxes if the claim is paid within 3 years of certification by the State Department of Assessments and Taxation and the claim results from the failure of the business to file a report or other taxpayer error.

History: None

Chamber Position: Support W/Amend

Position Summary: Most business personal property tax refunds currently are paid without interest as they result from amended returns filed by the taxpayer. While we agree that a refund resulting from taxpayer error should not generate interest, we feel that a local government should not be entitled to delay a refund for up to 3 years. Therefore, we suggest amending the bill to provide that interest would be payable after 180 days following the certification of a refund by SDAT.

Position Statement: Click here to download a pdf version of the Maryland Chamber's position statement.

Chamber Staff: Ronald Wineholt

General Assembly: Click here to view the bill on the Maryland General Assembly's website.