S743 - The Disaster Recovery Act of 2024 - Part II. (SL 2024-53)
Session Year 2024
Overview: Section 4H.1 of S.L. 2024-53 extends to taxpayers whose tax preparers or tax records are located in a disaster county the waiver provision applicable to interest on an underpayment of tax for certain periods of time for taxpayers located in a disaster county, which was provided in Sec. 13.1 of S.L. 2024-51. However, for these taxpayers, the waiver is not automatic and is granted only upon request. A taxpayer seeking this waiver must have notified the Department of Revenue within 30 days of the act becoming law, which occurred on October 25, 2024.
This section became effective on October 25, 2024.
Additional Information: