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Franchot announces temporary waiver of estimated tax interest for farmers and fishermen

March 2, 2021

Comptroller Peter Franchot today announced that his agency is granting a limited, temporary waiver of estimated tax interest for farmers and fishermen who are impacted by provisions of the Recovery for the Economy, Livelihoods, Industries, Entrepreneurs, and Families (RELIEF) Act. Estimated income tax filings that typically would have been due on March 1, 2021, will not have to be submitted until the Comptroller’s Office publishes revised tax forms. The RELIEF Act, which was signed into law on Feb. 15, created a new income tax addition modification and two new income tax subtraction modifications.

Article Source: Star Democrat

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