Am.
Sub. H.B. 390
126th General Assembly
(S. Ways and Means and Economic Development)
Establishes a four-year statute of limitations for collection of state tax debts after an assessment becomes final, rather than one year.
Extends the time limitation for collecting an assessment or liability that exists on the bill's effective date for three years past that date, rather than one year.
Provides that the bill's notice of continuation of lien provisions do not apply until February 1, 2007.
Removes the "innocent spouse" provisions and instead authorizes the Tax Commissioner and Attorney General to compromise a claim or enter into a payment-over-time agreement with a spouse that is an innocent spouse under federal income tax law.
Requires the Attorney General to prepare a report and file it with the Clerks of the House and Senate regarding tax collection efforts.
Removes the provisions that limited the penalty for late or unpaid taxes to 15% of the tax, if the amount at issue is $1,000 or less.
H0390-126.doc/blf 3/29/06