SB12-087 - Accrual Of Interest On Property Tax Refunds

Concerning The Period Marking The Commencement Of The Accrual Of Interest On The Refund Of Property Taxes Erroneously Collected.

The bill applies to interest imposed on property taxes illegally or erroneously levied and collected. Under current law, interest on such refunded moneys accrues only from the date payment of taxes and delinquent interest on such payment was received by the county treasurer from the taxpayer except as provided in specified circumstances. Under the bill, interest on the refunded moneys accrues from the later of the date a complete abatement petition is filed with the board of county commissioners or the date the taxes are paid.

Latest update: April 16, 2012
04/16/2012 House Second Reading Laid Over to 5/10/2012
03/27/2012 House Second Reading Laid Over Daily
03/22/2012 House Committee on Finance Refer Amended to House Committee of the Whole
02/28/2012 Introduced In House - Assigned to Finance
02/24/2012 Senate Third Reading Passed
02/23/2012 Senate Second Reading Passed
02/21/2012 Senate Second Reading Laid Over Daily
02/16/2012 Senate Committee on Local Government Refer Unamended - Consent Calendar to Senate Committee of the Whole
02/14/2012 Senate Committee on Local Government Witness Testimony and/or Committee Discussion Only
01/19/2012 Introduced In Senate - Assigned to Local Government