SB1502: Income tax, state; reassessment and refund upon filing of amended return or payment of assessment.

Legislative Summary

State taxes; reassessment and refund upon filing of amended return or payment of assessment. Allows a refund or credit on either an actual or projected basis for erroneous tax payments made during the identical period during which any sales or use tax assessment is outstanding on or that is assessed on and after July 1, 2023.