An Act Concerning Changes To Department Of Revenue Services Statutes.
Impact
The bill touches upon various key sections of the state’s tax code, specifically those concerning tax reporting and the handling of delinquent accounts. By creating a data match system with financial institutions, the Commissioner will be able to cross-reference taxpayer accounts, which enhances the state’s ability to collect owed taxes, potentially increasing revenue. However, it also raises concerns regarding privacy and the extent to which taxpayer information is shared with private entities.
Summary
SB00369, known as 'An Act Concerning Changes To Department Of Revenue Services Statutes,' aims at amending multiple provisions related to tax collection and the operations of the State's Department of Revenue Services. One of the central changes involves the elimination of the requirement for the Commissioner of Revenue Services to include the names of persons liable for unpaid taxes in the annual report to the Governor. This aims to improve the handling of sensitive taxpayer information and could potentially streamline the reporting process for non-collectible debts.
Sentiment
The sentiment around SB00369 appears to be mixed. Supporters, likely including fiscal conservatives, argue that enhancing collection mechanisms is crucial for state revenue and fiscal responsibility. In contrast, privacy advocates may express apprehension over the implications of creating lists that could expose sensitive personal information without due diligence or oversight.
Contention
Contention chiefly revolves around the balance between effective tax enforcement and taxpayer privacy rights. Critics may argue that the new data matching system could lead to overreach in tax collection or misuse of personal data. Conversely, proponents believe that these changes are necessary to modernize the tax collection process and ensure that state revenue is protected against evasion and delinquency.
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