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of <h1>Section 5 of 2023 Act: Tax Refunds Mandated for Amended Provisions Enacted Within 75 Days of Bill Introduction.</h1> Section 5 of the Provisional Collection of Taxes Act, 2023, mandates refunds in specific scenarios. If a declared provision is amended and enacted within 75 days of the bill's introduction, refunds are required for duties collected that would not have been collected under the amended provision. The refund rate cannot exceed the difference between the proposed and existing duty rates at the bill's introduction. Additionally, if a declared provision loses legal force under certain conditions, refunds are due for duties that would not have been collected if the declaration had not occurred.
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