Connecticut Senate Bill SB00072

Connecticut 2021 Regular Session

• Introduced: 1/12/21
• Refer: 1/12/21

Caption

An Act Concerning The Finalization And Availability Of Tax Forms For The Ensuing Year.

Impact

The enactment of SB00072 would have significant implications for state tax administration and taxpayer experience. By establishing a clear deadline for the availability of tax forms, the bill aims to enhance the efficiency of tax preparation and compliance in the state. This could potentially lead to a smoother tax filing process, allowing taxpayers adequate time to review and complete their tax returns without the rush often associated with last-minute form availability. Moreover, it addresses ongoing concerns regarding delays and uncertainties in tax form accessibility, thus promoting greater transparency and predictability in the tax system.

Summary

SB00072 is proposed legislation that seeks to amend Title 12 of the general statutes, specifically focusing on the timelines related to the finalization and availability of tax forms. The bill mandates that the Department of Revenue Services must finalize and make available all relevant tax forms by December first of each year prior to the filing year for which these forms will be utilized. This legislative measure is intended to ensure that taxpayers and tax professionals have access to the necessary documentation well in advance of the tax filing deadlines, streamlining the tax preparation process for individuals and businesses alike.

Contention

While the bill seems straightforward, there may be points of contention regarding its implementation and the capacity of the Department of Revenue Services to meet the new deadlines. Critics may argue that imposing a strict timeline could lead to issues if the Department faces unexpected challenges, such as staffing shortages or technological issues. Additionally, stakeholders in the tax preparation industry may have differing opinions on whether December first is an optimal timeline, potentially advocating for adjustments that better accommodate various operational practices within the sector.