AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

SB 123 allows municipalities to hold tax amnesty events once every three years, where taxpayers can request waivers for interest and penalties on overdue property and vehicle taxes. Municipalities must create ordinances authorizing two separate 60-day periods (within 2024-2025) for these waivers, requiring written taxpayer requests dated during those periods. The bill prohibits waiving penalties for taxes owed in the same year as the amnesty period and requires written decisions from tax officials with appeal options to local councils. This directly affects local governments and taxpayers with delinquent property or vehicle tax payments.