What legislation was passed in 2015 that impacts the Department of Revenue's administrative processes?

Confidentiality Statute

Public Chapter 273 makes updates to the confidentiality statute related to disclosure of returns and tax information when a third-party vendor is used to procure software.

Effective: April 28, 2015

Confidentiality of Bank Account Information

Public Chapter 50 requires any bank account information that is received, compiled or maintained by a state governmental agency, to be kept confidential, and members of the public will not be able to inspect bank account information as an open record.

Effective: March 27, 2015

Municipal Finance Officer Certification Act

Public Chapter 208 requires the Department to comply with instructions from the Comptroller of the Treasury to withhold up to 15 percent of annual sales tax revenue allocated to municipalities found to be in violation of the Title 6, Ch. 56, Part 4.

Effective: April 20, 2015

Revises the Border Region Retail Tourism Development District Act

Public Chapter 405 permits municipalities to report the cost of an economic development project within 30 days of the end of each fiscal year, and it clarifies that municipalities may disclose the amount of a payment made to a private party, even if the payment is derived from sales and use taxes collected from a single parcel of property.

Effective: May 8, 2015

 

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