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Committee approves bill allowing CPA affidavits instead of full financial disclosures for local gross-receipts taxes
Summary
House Bill 141 would let businesses certify gross receipts to local governments via a CPA affidavit rather than submitting full financial records; supporters said the measure protects proprietary data while preserving local tax collection.
The Senate Finance Committee approved House Bill 141, a bill that lets businesses elect to provide a certified affidavit from a certified public accountant (CPA) to local governments in lieu of submitting full internal financial records when reporting gross receipts for local business-occupation taxes.
Representative Monahan presented the bill and said it…
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