Active duty military penalty waiver

From the 2024 DOR Tax Exemption Study

82.32.055 - Active duty military penalty waiver Description Business owners who are on active duty in the military qualify for a waiver of interest and penalties for delinquent excise taxes if the interest and penalties are imposed: - During a period of armed conflict. - On a qualifying military member assigned to a location outside of the U.S. Purpose Provides economic relief to businesses owned by qualifying active-duty members of the military. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions This exemption impacts fewer than three taxpayers; any impacts are confidential. Data Sources Department of Revenue, Excise tax data Additional Additional Information Information Category: Business Year Enacted: 2008 Primary Beneficiaries: Business owners that are active duty military Taxpayer Count: Fewer than three Program Inconsistency: None evident JLARC Review: Exp