HB 348 - This act limits claims for refunds of state corporation franchise tax to three years from date of payment. The act also increases the minimum amount of assessment or refund from one dollar to ten dollars, and it allows a taxpayer to waive restrictions, at any time, on assessment and collection of all or part of any additions to tax, interest, or penalty.

The act has an effective date of January 1, 1998.
RUSS HEMBREE