Section 13Sec./Art. 13

A new section, Section 251-A, is hereby added in the National Internal Revenue Code, as amended, which shall read as follows:

"Section 251-A.Failure of a withholding agent to refund excess withholding tax. - Any employer/withholding agent who fails, or refuses to refund excess withholding tax shall, in addition to the penalties provided in this Title, be liable to a penalty equal to the total amount of refunds which was not refunded to the employee resulting from any excess of the amount withheld over the tax actually due on their return."