SENATE BILL 848 |
SENATE AUTHOR: Ellis, Rodney |
EFFECTIVE: 04-20-01 |
HOUSE SPONSOR: Junell |
Senate Bill 848 requires the comptroller to transfer the accumulated interest on protested taxpayer payments, which unlike the payments themselves, has been held in a suspense account, on a pro rata basis to the credit of the appropriate funds or accounts into which the protested taxes, fees, and penalties are allocated by other law. The bill amends the Government Code to credit new interest of this nature to the general revenue fund.