Pivotal Law Group

Toll Free 866-884-2417

House Bill 2080: Modifying Washington Excise Tax Refund and Interest Provisions

Posted Thursday, May 19, 2011 by Michael A. Larson

alt text Earlier this month on May 5, I spent the morning in Olympia testifying on behalf of the Association of Washington Business against HB 2080. This bill would modify interest provisions to charge a much higher interest rate of interest on assessments than it would allow to taxpayers on refunds. This unfair tax treatment of taxpayers was abolished in Taxpayer Fairness legislation in prior years only to surface as a bad idea in tough budgetary times. I was able to catch the attention of the House Committee chair with an example that explained how the bill could actually result in taxpayers paying an interest penalty to the state merely by reason of paying their taxes too early.

Further, the statute of limitations on on refunds would have been reduced from four years to three years, while the assessment statutory period remained at three years. Poorly drafted offset provisions could have required taxpayers to pay taxes twice to Washington. Hopefully, this bill will die in committee.

For more information, please contact Ron Bueing at 206-340-2008.

DISCLAIMER: This blog is not legal advice. This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice under any circumstances, nor should it be construed as creating an attorney-client relationship. The information on this blog is a general statement of the law and may not be up to date, accurate or applicable to your specific circumstances. Prior success in litigation is not an indication of future results; each case is unique and past results cannot predict future outcomes.

Pivotal Law Group, PLLC Pivotal Law Group, PLLC
47.6084840 -122.3330190
of vital or central importance; crucial