STATEMENT OF PURPOSE
RS31059 / H0445
This legislation would limit the time frame during which interest accrues where a tax deficiency is found by
excluding interest during two periods of time: 1) The period of time after the state tax commission sends written
notice that an audit is being initiated, but before the issuance of a notice of deficiency determination, and 2)
The period of time after a notice of deficiency determination, which is subject to a perfected protest and before
the final determination of the deficiency by the state tax commission following the state tax commission’s
disposition of the protest.
FISCAL NOTE
This legislation would result in a reduction of interest collected by the state tax commission in an amount of
approximately $1.1 million per year.
Contact:
Representative David M. Cannon
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 01/30/2024, 9:54 AM


Statutes affected:
Bill Text: 63-3045, 63-3632