✔️ SB284
Waive penalty for not filing certain tax returns if no tax is due
Current Status: In Senate Committee (Ways and Means)
Summary
This bill waives penalties for taxpayers who fail to file certain tax returns if no tax is due. It amends existing tax code sections to ensure that no penalties or interest are imposed for non-filing under these circumstances. The provisions apply to returns or reports required to be filed on or after the effective date of the amendment.
Rationale
The bill aligns with Libertarian principles by reducing government penalties on individuals for non-filing when no tax is owed, promoting individual liberty and reducing government overreach in tax matters. However, it does not fully eliminate taxation, which is a core concern for both the LP and LPO.