Navigating Tax Refund Process: Key Insights on Franchise Tax Issue
TL/DR -
House Bill 1893/Senate Bill 2103 was passed by Legislative Chambers on April 25, 2024, allowing taxpayers the potential for a franchise tax refund if the tax was reported on or after January 1, 2021. The refund claim must be filed on a Special Refund Claim form and taxpayers are required to amend their Tax Returns for each year they seek…