Current Weather

Currently on MIX 106.5

How To Save A Life
Fray

CURRENTLY ON KiX 100.3

23
Chayce Beckham

SB 352 signed to waive interest on late payments for 2020 extended tax filings

SHARE NOW

MONTGOMERY, Ala. – Governor Kay Ivey has signed SB 352 to waive interest on late payments on individual 2020 income taxes. Earlier this year, the U.S. Treasury Department and IRS extended the federal filing and payment date from April 15 to May 17. Alabama automatically extended the tax filing deadline to coincide with the federal deadline.

“While things are getting better, COVID-19 has, once again, interrupted another tax filing season,” Governor Ivey said. “In normal years, April 15 is traditionally Tax Day, but the federal government and the State of Alabama have extended tax filing and payments until May 17. I’m pleased to sign SB 352 to ensure that the good people of Alabama will not be dinged with interest fees for filing their taxes by May 17.”

The Alabama Department of Revenue (ADOR) could administratively waive penalties for late payments but not interest on payments after April 15. SB 352, by Sen. Arthur Orr (R – Decatur), will automatically extend the due date for individuals to pay their 2020 state income taxes to May 17 — eliminating the accrual of interest before this date.

“I am grateful for my colleagues and Governor Ivey acting expeditiously on this issue to make certain Alabama taxpayers don’t pay any more in taxes than they have to  pay in a filing season made exceedingly difficult by COVID,” Sen. Orr said.

SB 352 will allow the ADOR to adjust filing and payment deadlines in the future within a declared state of emergency without further legislative action. SB 352 was carried in the House of Representatives by Rep. Chris Pringle (R-Mobile) and passed 97-0.

“Moving forward, if we are in a declared emergency, the Alabama Department of Revenue can quickly and efficiently extend the deadline to best serve the people of our state,” Rep. Pringle said. “I appreciate the governor for quickly signing this bill into law.”

SB 352 is effective immediately upon approval of the governor. Interest will not begin accruing on individual tax filing payments until after May 17, 2021.


Click here to e-mail the reporter.© 2016-2023, SylacaugaNews.com/Marble City Media LLC/RadioAlabama. All Rights Reserved. RadioAlabama’s network -- MIX 106.5 (& 98.3 HD2), WSGN, KiX 100.3 (& 1290 AM), 105.1 WRFS, KiX 96.3 (& 1050 AM), RadioAlabama Sports, and RA Digital -- along with SylacaugaNews.com reports local news around the clock and will keep you up-to-date during breaking news and weather. For real-time alerts from SylacaugaNews.com, text NEWS to 59925. Standard text message rates may apply. By signing up, you agree to receive ongoing text message alerts from RadioAlabama. Consent not required for purchase. Up to eight messages per month. Reply STOP to cancel. Reply HELP for help. Message & Data rates may apply. Terms and Conditions/Privacy Policy @ www.optspot.com/tnc.