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SB 96

North Carolina - Session 2025

Senate in_committee 2025-02-17
Bill Details

Title: Modify Insufficient Funds Tax Payment Fee.

Summary

Amends GS 105-357 to set the penalty for presenting payment of taxes by a check or funds transfer that is returned or not completed due to insufficient funds or nonexistence of an account of the drawer or transferor at $35, replacing the existing penalty amount that is the greater of $25 or 10% of the amount of the check or invoice and capped at $1,000. Applies to checks or electronic funds transfers presented for payment of taxes on or after July 1, 2025.

Sponsor
Warren Daniel
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-02-13 Introduced Bill introduced
2025-02-17 Status in_committee
2025-02-17 Latest Action Ref To Com On Rules and Operations of the Senate
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