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Committee hears bill lowering threshold for required electronic tax payments to $50,000
Summary
Senate Bill 54 would lower the threshold requiring electronic tax payment from $500,000 to $50,000; the Department of Revenue said electronic payments improve security and reduce manual processing, while members raised questions about statutory 'must' language and exceptions by rule.
Senator Galt introduced Senate Bill 54 to the House Taxation Committee, saying the bill lowers the statutory threshold that requires taxpayers to remit state taxes by electronic funds transfer from $500,000 to $50,000 and authorizes administrative rulemaking for exceptions.
Kristen Gutowski, Information Management Bureau Chief for the Montana Department of Revenue, testified that the measure amends Title 15, Part 1, Section 802 to lower the…
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