Texas 2019 - 86th Regular

Texas Senate Bill SB687

Caption

Relating to the use of information obtained by a person from the comptroller that relates to a taxpayer subject to an audit by the comptroller.

Impact

The introduction of SB687 is intended to enhance taxpayer privacy and ensure that sensitive financial information cannot be exploited by individuals for commercial advantage. By restricting the use of this information, the bill provides a safeguard that could foster greater trust in the auditing process conducted by the comptroller. The law will only apply to information obtained after its effective date, September 1, 2019, ensuring that past records are unaffected by the new rules.

Summary

Senate Bill 687 aims to regulate the use of information obtained from the Texas comptroller relating to taxpayers who are subject to an audit. The bill specifically amends Section 111.0075 of the Tax Code, introducing a restriction that prohibits individuals who obtain such information from using it for direct solicitation of business or employment for financial gain within the first 30 days after the information has been made available by the comptroller. This change is significant as it protects taxpayer information from being leveraged unethically by third parties shortly after it is obtained.

Sentiment

Overall, the sentiment surrounding SB687 is largely positive among supporters. Advocates argue that it is a necessary step towards strengthening protections against misuse of taxpayer data. However, there may be concerns about the implications for transparency in business practices. Critics might argue that such restrictions could limit access to information that is otherwise available and beneficial in some contexts, even if it aims to protect individuals' privacy.

Contention

While the bill is primarily focused on safeguarding information, there may be differences in opinion regarding how these restrictions should be implemented. Some stakeholders may feel that the waiting period of 30 days is too long or too short, affecting how businesses plan their strategies around the use of available information. Additionally, discussions might arise regarding potential loopholes or the enforcement of these new regulations, raising questions about effectively monitoring compliance among those who have access to taxpayer data.

Companion Bills

No companion bills found.

Previously Filed As

TX SB960

Relating to state savings and government efficiency achieved through a taxpayer savings grant program administered by the comptroller of public accounts.

TX SB1064

Relating to the school district property value study conducted by the comptroller of public accounts.

TX SB1340

Relating to the local development agreement database maintained by the comptroller of public accounts.

TX HB1892

Relating to improved educational efficiency by empowering parents through a program administered by the comptroller.

TX SB658

Relating to the disposition of money from certain attorney accounts delivered to the comptroller as unclaimed property.

TX HB1324

Relating to the study of school district property values conducted by the comptroller of public accounts.

TX HB4370

Relating to the abolishment of the State Energy Conservation Office and the transfer of its functions to the comptroller.

TX HB1763

Relating to the disposition of money from certain attorney accounts delivered to the comptroller as unclaimed property.

TX HB2530

Relating to state savings achieved through a budget savings program administered by the comptroller of public accounts making an appropriation of a portion of those savings.

TX HB41

Relating to the establishment of a parental empowerment program administered by the comptroller of public accounts.

Similar Bills

No similar bills found.