HLS 11RS-639 ENGROSSED Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2011 HOUSE BILL NO. 455 BY REPRESENTATIVE HARRISON Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. REVENUE DEPARTMENT: Provides relative to the confidential character of tax records and the sharing of information regarding postsecondary education and employment information with the La. Board of Regents AN ACT1 To enact R.S. 47:1508(B)(29), relative to the Department of Revenue; to provide with2 respect to the confidentiality of taxpayer records; to authorize the sharing of3 information relating to certain postsecondary education and employment4 information; and to provide for related matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 47:1508(B)(29) is hereby enacted to read as follows: 7 ยง1508. Confidential character of tax records8 * * *9 B. 10 * * *11 (29) The sharing or furnishing, in the discretion of the secretary, of a12 taxpayer's reported postsecondary education and employment information to the13 Louisiana Board of Regents for purposes of generating data related to the success of14 Louisiana's postsecondary graduates in the workforce. Any information shared or15 furnished shall be considered held confidential by the Louisiana Board of Regents16 to the same extent heretofore provided.17 * * *18 HLS 11RS-639 ENGROSSED HB NO. 455 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] Harrison HB No. 455 Abstract: Authorizes the Dept. of Revenue to share taxpayer information on postsecondary education and employment with the La. Board of Regents. Present law provides for the confidentiality of taxpaye r records and for exceptions under which information may be shared with other public entities. Proposed law retains present law and adds an exception for the sharing of taxpayer information on postsecondary education and employment with the La. Board of Regents. (Adds R.S. 47:1508(B)(29))