Revenue and taxation; interest paid on refunds of overpayments of taxes and past due taxes shall be equal to the bank prime loan rate; provide

A BILL to be entitled an Act to amend Title 48 of the Official Code of Georgia Annotated, relating to revenue and taxation, so as to provide that interest paid on refunds of overpayments of taxes and past due taxes shall be equal to the bank prime loan rate; to allow political subdivisions to make an election related repayment of certain final refund amounts being made over a period of time; to require the Department of Revenue to establish and maintain a direct pay permit program that permits a qualified taxpayer to accrue and pay directly to the department certain state and local sales and use taxes; to provide definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.