Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2014
Hazardous Substances Tax Annotation
Determination, Claims, and Statute Of Limitations
Facility Fee Determinations—Interest on Prepayment
The statute of limitations for issuing a notice of determination concerning a facility fee prepayment begins on the date that the annual fee was due at the end of the year. If a deficiency determination for a facility fee prepayment issues within three years from the due date of the prepayment, interest on the prepayment begins to accrue as of the due date of the prepayment. However, if the Board is relying on the statutory period which begins to run on the due date of the annual fee at the end of the year, interest begins to accrue as of that date. 5/17/95.