Analysis

Synopsis:

 Senate Bill 25 (SB 25) provides a temporary waiver of penalties and interest on some Gross Receipts and Compensating Tax during and immediately after certain public health orders are in effect. SB 25 declares an emergency.

Analysis:

 Senate Bill 25 (SB 25) suspends penalties and interest on Gross Receipts and Compensating Tax (GRT) and Local Option GRT that become due beginning on the date a public health order is in effect and ending two months when the order ends. Unpaid taxes must be paid by the 25th of the third month after the public health order ends.

SB 25 provides relief for taxpayers whose failure to pay taxes is made without intent to evade tax liability. 

This bill applies to public health order that was issued by the secretary of health on March 23, 2020 only that ordered complete closure of certain businesses. 

SB 25 declares an emergency.

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