HB420 Alabama 2019 Session

This bill would provide for the exchange of information between the Department of Revenue and financial institutions to facilitate the collection of delinquent taxpayer liabilities by allowing the department to enter into voluntary agreements with financial institutions doing business or authorized to do business in Alabama to develop and operate a financial institution data match program.

Relating to taxation; to add Section 40-29-23.1 to the Code of Alabama 1975, to allow the Department of Revenue to enter into agreements with financial institutions doing business or authorized to do business in Alabama to develop and operate a financial institution data match (FIDM) program.