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HB788

Tax return preparers; requirement that paid preparers use identification numbers, civil penalty.

Status:
Enacted

Chief Patron:
Mark Keam (D)

Session:
2018 Regular Session

Summary

As Introduced. Requirements that paid tax return preparers use identification numbers; civil penalty.

Directs the Department of Taxation (the Department) to require paid tax return preparers to provide their federal Preparer Tax Identification Number (PTIN) when preparing or assisting in preparing tax returns. The bill authorizes the Department to bar or suspend tax return preparers for repeated failure to provide their PTIN and imposes a civil penalty of $50 for each failure to provide a PTIN, not to exceed $25,000 per year. The bill requires the Department to promulgate regulations for using the PTIN as an oversight mechanism to identify patterns of fraud. In addition, the bill directs the Department to establish information-sharing protocols with the Internal Revenue Service and authorizes the Department to establish similar protocols with other states. (Less)
  • Bill History

  • 01/09/2018 - House: Prefiled and ordered printed; offered 01/10/18 18102441D
  • 01/09/2018 - House: Referred to Committee on Finance
  • 01/23/2018 - House: Assigned Finance sub: Subcommittee #2
  • 01/24/2018 - House: Subcommittee recommends reporting (7-Y 0-N)
  • 01/29/2018 - House: Reported from Finance (22-Y 0-N)
  • 01/31/2018 - House: Read first time
  • 02/01/2018 - House: Read second time and engrossed
  • 02/02/2018 - House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
  • 02/02/2018 - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
  • 02/05/2018 - Senate: Constitutional reading dispensed
  • 02/05/2018 - Senate: Referred to Committee on Finance
  • 02/13/2018 - House: Impact statement from TAX (HB788)
  • 02/14/2018 - Senate: Reported from Finance (15-Y 0-N)
  • 02/15/2018 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/16/2018 - Senate: Read third time
  • 02/16/2018 - Senate: Passed Senate (38-Y 0-N)
  • 02/19/2018 - House: Enrolled
  • 02/19/2018 - House: Bill text as passed House and Senate (HB788ER)
  • 02/19/2018 - House: Signed by Speaker
  • 02/21/2018 - Senate: Signed by President
  • 02/23/2018 - House: Impact statement from TAX (HB788ER)
  • 02/28/2018 - House: Governor's recommendation received by House
  • 03/02/2018 - House: House concurred in Governor's recommendation (97-Y 0-N)
  • 03/02/2018 - House: VOTE: ADOPTION (97-Y 0-N)
  • 03/05/2018 - Senate: Senate concurred in Governor's recommendation (39-Y 0-N)
  • 03/05/2018 - Governor: Governor's recommendation adopted
  • 03/05/2018 - Senate: Reenrolled
  • 03/05/2018 - House: Reenrolled bill text (HB788ER2)
  • 03/05/2018 - House: Signed by Speaker as reenrolled
  • 03/05/2018 - Senate: Signed by President as reenrolled
  • 03/05/2018 - Governor: Approved by Governor-Chapter 150 (effective 7/1/18)
  • 03/05/2018 - Governor: Acts of Assembly Chapter text (CHAP0150)