HB46 Alabama 2017 Session

Updated Jul 24, 2021

Summary

Primary Sponsor: Rod Scott
Democrat
Session: Regular Session 2017
Title: Tax preparers, required to provide federal identification number on Alabama income tax returns, buisness privilege tax return date made the same for state and federal returns, the maximum business privilege tax amount for a Real Estate Investment Trust (REIT); the name of the Taxpayer Advocate changed to the Taxpayer Assistance Officer, and allows for multiple Taxpayer Assistance Officers, Alabama Taxpayer Protection and Assistance Act, Secs. 40-14A-22, 40-14A-25 am'd.
Description: Under current law, all tax preparers are required to obtain a federal preparer identification number in order to prepare federal income tax returns.
However, there are minimal provisions in place to protect consumers against state income tax return preparers that incorrectly file tax returns on a recurring basis.
This legislation would require all income tax preparers to provide their federal preparer identification number on all Alabama income tax returns prepared.
In addition, this bill will ensure that the Alabama Business Privilege tax return due dates are the same as federal income tax returns. For financial institutions, the due date will correspond with the excise tax return.
In addition, Section 12 of Act 99-665, as amended by Act 2000-705, is codified by this bill as part of Section 40-14A-22. These changes include, but are not limited to, codifying the maximum business privilege tax amount for a Real Estate Investment Trust (REIT). Other technical corrections from these acts are also codified by this bill.
This bill changes the name of the Taxpayer Advocate to the Taxpayer Assistance Officer. In addition, this bill will allow for more than one Taxpayer Assistance Officer.
Subjects: Taxation