Bill > HB0554

This bill modifies how the state collects debts owed to it by clarifying definitions and establishing procedures for handling "accounts receivable," which are any amounts due to a governmental entity that haven't been paid. It specifies that overpayments of taxes can be credited first against a taxpayer's own liabilities and then against judgments owed to the state, including fines or restitution to victims under the Crime Victims Restitution Act, before any remaining balance is refunded. The bill also expands the definition of "accounts receivable" to include various unpaid fees, taxes, loans, fines, and restitution, and clarifies that governmental entities can include institutions of higher education and local government bodies. Additionally, it outlines how the Office of State Debt Collection operates, including its duties in managing and collecting state receivables, and allows for the retention of funds to cover operating expenses. The bill also makes technical amendments to existing laws regarding liens, the State Debt Collection Fund, and exemptions from execution, with most provisions taking effect on May 6, 2026.