Final 2013 Legislative Action on Tax Related Matters
Senate Bill 64 - Reform of Corporate Officer Liability. Passed with bi-partisan, unanimous support in both the House and Senate. Treasury strongly opposed efforts to have the legislation apply to open assessments. Both the House and Senate believed that this was the fairest approach to protect individuals. A veto threat is looming. The House unanimously passed a version that applies the limitation to Trust Taxes prospectively.
Senate Bill 337 - Timeliness of Audits, Written Waiver for Statute of Limitations, Refund Approval, Tax Clearance. Passed out of the House committee. Pending on the House floor. The bill would require Treasury to complete audits within one year unless both the department and the taxpayer agree to extend the running of the statute of limitations.
Other Tax Related Bills Will Be Addressed in 2014
House Bill 4003 - Offer in Compromise. Reported out of the House Tax Policy committee. Pending on the House floor.
Senate Bill 327 - Mandates Independence, Prohibits Collection Goals/Budgets. Passed in the Senate. pending in the House Tax Policy Committee.