HB46 Alabama 2017 Session

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

To require tax preparers to include their federal preparer tax identification number on Alabama income tax returns prepared; to provide penalties for violations; ensure that business privilege tax returns are due at the same time as the corresponding federal income tax return, for financial institutions, the due date will correspond with the Alabama excise tax return due date; and 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); the name of the Taxpayer Advocate is being changed to the Taxpayer Assistance Officer, and allows for multiple Taxpayer Assistance Officers.