S2847 — Caps delinquent tax interest rate at 12%. Prohibits audits beyond 3 years from date of tax filing, 7 years for fraudulent filings, and in no event beyond 10 years from date of filing or required filing date, whichever is later.

S2847 — Caps delinquent tax interest rate at 12%. Prohibits audits beyond 3 years from date of tax filing, 7 years for fraudulent filings, and in no event beyond 10 years from date of filing or required filing date, whichever is later. · Informed CitizenryThis bill amends state tax law to make changes regarding both the interest charged on delinquent taxes and how long tax authorities can audit taxpayers. First, it establishes a cap, limiting the in…Open in Informed Citizenry