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§ 7407.3. Limitations on assessments

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: October 18, 2006

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 5. Tax Reform Code of 1971 (Refs & Annos)
Article IV. Corporate Net Income Tax (Refs & Annos)
Part IV. Assessment and Collection of Tax
Effective: October 18, 2006
72 P.S. § 7407.3
§ 7407.3. Limitations on assessments
Currentness
(a) Tax may be assessed within three years after the date the report is filed.
(b) Tax may be assessed at any time if a taxpayer fails to file a report required by law.
(c) Tax may be assessed at any time if the taxpayer files a false or fraudulent report with intent to evade tax imposed by the tax laws of this Commonwealth.
(d) If at any time within the time limitations specified in this section the department is not satisfied with its determination of the taxpayer's liability, the department may strike all, or any part of, a previously issued assessment or may issue additional assessments of tax.
(e) The department may, within three years of the granting of any refund or credit or within the period in which an assessment could have been filed by the department with respect to the taxable period for which the refund was granted, whichever period shall last occur, file an assessment to recover any refund or part thereof or credit or part thereof which was erroneously made or allowed.
(f) For purposes of this section, a report filed before the last day prescribed for filing shall be deemed to have been filed on the last day.

Credits

1971, March 4, P.L. 6, No. 2, art. IV, § 407.3, added 2006, Oct. 18, P.L. 1149, No. 119, § 19, imd. effective.
72 P.S. § 7407.3, PA ST 72 P.S. § 7407.3
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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