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2005 Legislative Session IGR Committee Bill Approval June 13, 2005 <br /> <br /> Directs Department of Revenue to establish and promote voluntary compliance <br /> initiative for taxpayers who utilize abusive tax avoidance transactions to underreport <br /> ~ersonal income or corporate income or excise taxes. Establishes reporting and <br /> registration requirements and enhanced penalties for persons who use abusive tax <br /> avoidance transactions, or who serve as material advisors for certain transactions. <br /> Extends period for which notice of deficiency may be issued in cases in which returns <br /> reflect use of abusive tax avoidance transactions. Imposes tax return preparer <br /> ~enalties on preparers who prepare returns that reflect use of abusive tax shelters or <br /> who willfully or recklessly disregard tax laws. Directs Department of Revenue to <br /> establish general tax amnesty program of limited duration. Waives penalties for <br /> taxpayers that pay outstanding taxes. Increases penalties on taxpayers who fail to <br /> HB 2455 3 Support fully participate. Takes effect on 91st day following adjournment sine die. 2/24 <br /> Grants reciprocity to persons holding concealed handgun licenses or permits issued <br /> HB 2456 3 Oppose by other states. 3/09 <br /> HB 2463 3 Oppose Exempts unemployment benefits from state personal income tax. 3~09 <br /> Creates crime of interfering with service of document. Punishes by maximum of one <br /> HB 2464 3 Support year's imprisonment, $6,250 fine, or both. 3/09 <br /> Allows use of ground water without compliance with registration, certificate or permit <br /> requirements for watering lawns, grounds or fields of public or private kindergarten <br /> HB 2473 3 Oppose through grade 12 schools. 3/09 <br /> Requires majority of votes cast in territory proposed to be annexed and majority of <br /> votes cast in city or district to approve annexation plan under which city or district may <br /> HB 2484 3 Monitor annex territory within urban growth boundary. 3/09 <br /> Directs Department of Revenue to establish and promote voluntary compliance <br /> initiative for taxpayers who utilize abusive tax avoidance transactions to underreport <br /> personal income or corporate income or excise taxes. Establishes reporting and <br /> registration requirements and enhanced penalties for persons who use abusive tax <br /> avoidance transactions, or who serve as material advisors for certain transactions. <br /> Extends period for which notice of deficiency may be issued in cases in which returns <br /> reflect use of abusive tax avoidance transactions. Takes effect on 91st day following <br /> HB 2486 3 Support adjournment sine die. 3/09 <br /> <br /> Page 50 <br /> <br /> <br />