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Outside Section 80

Overpayment Date Definition and Interest Due Upon Late-Filed Returns

SECTION 80.   Said subsection (a) of said section 40 of said chapter 62C, as so appearing, is hereby amended by inserting at the end thereof the following paragraphs:-
          For purposes of this section, the term "date of overpayment" shall mean the later of the date when the commissioner shall have received a properly completed return and full payment of the tax due thereon, or the date that the commissioner shall have received a completed and substantiated written application for abatement filed in accordance with this chapter.
          The commissioner shall not refund any tax, interest, penalty or overpayment nor shall the state treasurer make any such refund where any taxpayer fails to file a return within three years of the due date of such return, without regard to extensions