SB 0467 Broadens liability for employers who do not file or pay withholding taxes to the Department of Revenue
LR Number:1922S.01I Fiscal Note:1922-01
Committee:Ways and Means
Last Action:02/19/01 - Second Read and Referred S Ways & Means Committee Journal page:S280
Effective Date:August 28, 2001
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Current Bill Summary

SB 467 - Current law provides that an employer or corporate officer who "fails to file and pay" withholding taxes to the Director of Revenue, is liable for such amounts. This act closes the loophole within that provision by stating that such persons are liable for such amounts if they "either fail to file or fail to pay" the tax withheld. No such liability shall be assessed unless notice is mailed to the taxpayer within three years of the final assessment.