Georgia Sales Tax Bond
HB 441 will require the principal to obtain a surety bond in connection with an expedited refund on a sale and use tax refund claim. Should the refund have to be paid in error this bond will secure the repayment of the refund and any additional tax, interest, penalties fees or other costs incurred. This new law became effective upon enactment and if such an assessment comes arise it must be made within three years from the date that the expedited refund was made.
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