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Senate Revenue & Tax Committee advances three tax-administration bills

Senate Revenue & Tax Committee · April 7, 2021
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee advanced three measures: HB1050 lowers the mandatory electronic filing threshold from 250 to 50 (with DFA waiver authority); HB1043 extends Tax Procedure Act limits and waiver authority to Public Service Commission ad valorem assessments; HB1048 allows DFA to offset refunds to satisfy final assessments before filing liens.

The Senate Revenue & Tax Committee on Monday advanced three administrative tax measures aimed at modernizing collection procedures and aligning statutory protections.

Representative Howard Beatty told the committee House Bill 1050 would lower the employer threshold for mandatory electronic filing of annual withholding statements “to 50 so that employers with 50 or more employees would be required to file income tax…

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