NC Passes Tax Reprieve on Interest

April 28, 2021

NC Passes Tax Reprieve on Interest _ JPS CPA April 28 2021

North Carolina Governor Roy Cooper signed HB 279 into law on April 27, 2021, which had passed unanimously in the Senate earlier in the day. The bill waives interest accrued between April 15 and May 17, 2021, on the underpayment of individual income tax due on April 15.

This is good news for taxpayers, as the due date for individual tax returns was moved to May 17, but by law, interest was set to accrue if any tax due was not paid by April 15.

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