Relating to the confidentiality and use of information related to a taxpayer subject to audit by the comptroller.
Impact
The implementation of SB1808 would have significant implications for how taxpayer audits are conducted in Texas. It expands the categories of confidential information that the comptroller and the Attorney General are required to protect. For taxpayers, this legislation bolsters their privacy rights and provides assurance that sensitive information about their financial affairs will not be disclosed or misused, thereby fostering a sense of security regarding their dealings with state authorities.
Summary
SB1808, known as the Act relating to the confidentiality and use of information related to a taxpayer subject to audit by the comptroller, aims to enhance the protection of taxpayer information during audits. This legislation amends the existing tax code to specify that certain information related to a taxpayer that is being audited is confidential and cannot be disclosed publicly. Additionally, the bill outlines the specific types of information that remain confidential, such as contact details and taxpayer identification numbers.
Contention
While the overall intention of SB1808 is to protect taxpayer information, there may be points of contention related to the enforcement and interpretation of the confidentiality provisions. Concerns could arise regarding how strictly the provisions are adhered to in practice, and whether there are appropriate mechanisms in place to address any potential breaches of confidentiality. Additionally, stakeholders may debate the balance between transparency in government operations and the right to privacy for individuals under audit.
Relating to authorized investments of public money by certain governmental entities and the confidentiality of certain information related to those investments.