Legislative Session number- 85

Bill Name: SF0610

1E Relating to taxation

ARTICLE 1 - INCOME AND FRANCHISE TAXES

Modifying the
determination of debt under the revenue recapture act; requiring birth dates to
be included in income tax returns; modifying withholding statement requirements
by electronic means provisions; clarifying regulated investment companies
requirement to file reports with the commissioner of revenue; prescribing
penalties for partnership of S corporation filing with an incorrect tax
identification number; clarifying penalties for excessive property tax refunds;
requiring tax preparers identification numbers; clarifying a work opportunity
credit provision; modifying the bovine testing credit; modifying the inflation
adjustment for the dependent care credit and working family credit; modifying
the inflation adjustment for the alternative minimum tax on preference items;
modifying the definition of dependent for property tax refund purposes;
modifying the determination of estate tax; providing for pollution control
facilities amortization transition

ARTICLE 2 - SALES AND USE
TAXES

Modifying provisions relating to bad debt loss; providing for the
computation of interest for border city zone refunds; clarifying provisions
relating to the penalty for failure to properly complete sales and use tax
returns; prescribing a penalty for failure to report liquor sales; including the
furnishing of telecommunication services by a hotel, rooming house, resort,
campground or trailer camp under the definition of sale; including pest control
services in the definition of sale; including ring tones in the definition of
sale and clarifying the definition of telecommunication services to include air
to ground radiotelephone services, mobile telecommunication service, postpaid
calling service, prepaid wireless calling service and private communication
services; providing for bundled transactions as a retail sale, exception;
clarifying the definition of delivery charges relating to sales price; providing
for sales price to include consideration received by the seller from third
parties under certain conditions; eliminating prepaid calling cards from the
definition of tangible personal property; clarifying the definition of
telecommunication services; defining bundled transaction, ancillary services,
conference bridging service, detailed telecommunications billing service,
directory assistance, vertical service, voice mail service, ring tone and fur
clothing for sales tax purposes; exempting kidney dialysis equipment from the
sales tax; clarifying the imposition of tax on the use of personal tangible
property for bundled transactions; clarifying procedures for seller burden of
proof liability for nontaxable retail sales; clarifying the definition of
prepaid calling service; defining prepaid wireless calling service; providing
for the sale on ancillary service to be sourced to the customer place of primary
use; including breast pumps in the definition of baby products for sales tax
exemption purposes; clarifying the business sales tax exemption for advertising
and packing materials and telecommunications, cable television and direct
satellite equipment; modifying exemption requirements for materials consumed in
agricultural production; authorizing an entity containing both a hospital and
nonprofit unit to claim sales tax exemption under certain conditions; exempting
private communication service for the state lottery from the sales tax;
modifying provisions relating to tax exempt certificates; requiring liquor
sellers to file an annual informational report annually by a certain date;
clarifying the definition of sales price for interstate motor carriers as
retailers; clarifying the sales tax on motor vehicle exemption on vehicles
purchased by dealers or lessors; requiring furriers to file annual tax returns;
repealing provisions relating to special fur clothing tax, prepaid telephone
cars, multiple points of use and property brought into the state by nonresidents


ARTICLE 3 - SPECIAL TAXES

Modifying joint underwriting
associations deficit assessments; clarifying a premium tax provision under
reciprocals or interinsurance contract exchange provisions; clarifying a
provision relating to mortgage registry and deed tax exemptions; setting the
deed tax for a conveyance of tax-forfeited lands to a governmental subdivision
for an authorized public uses or for redevelopment purposes; clarifying certain
gross revenue and gross receipts taxes provisions relating to pharmacies;
reducing the threshold for nonapplicability of tobacco products use tax to
individuals; requiring and providing for consumer use tax on cigarettes under
certain conditions; modifying the exemption provisions for the surcharge on fire
safety premiums; modifying the joint underwriting association offset provision,
clarifying the estimated tax provision for insurance taxes

ARTICLE 4 -
PROPERTY TAXES AND AIDS

Modifying provisions relating to the airline flight
property tax; modifying the definition of flight property to include computers
and software; modifying the assessment of flight property; modifying airline
company report requirements; clarifying airflight property tax lien provisions;
imposing a penalty for failure of airline company to file annual report by the
required date; granting additional powers to the commissioner of revenue;
modifying the determination of tax capacity for flight property; modifying
appeal procedures; modifying provisions relating to the state board of
assessors, modifying fees and rule provisions; authorizing the commissioner of
revenue to abate airline company report filing penalties under certain
conditions; requiring a business to notify the county assessor in writing of
eligibility for JOBZ property tax exemption; modifying certificate of value
filing requirements for married persons not an owner of record; permitting cites
and townships a certain period of time from the date of incorporation to employ
a licensed assessor; requiring county or local assessing districts to assume the
cost of training assessors; modifying certain agricultural homestead property
tax provisions; modifying certain property tax classification provisions;
modifying disparity reduction credit provisions; modifying certain provisions
relating to express, stage and transportation companies and companies supplying
electric power; modifying certain provisions relating to the board of appeal and
equalization; requiring the commissioner of revenue to develop a handbook by a
certain date detailing procedures, responsibilities and requirements for county
board of appeal and equalization; authorizing notice of proposed property taxes
to be sent in electronic form or by electronic mail (e-mail) upon written
request of the taxpayer; requiring the commissioner of revenue to annually
prescribe the specific form and format of the advertisement for proposed
property tax notice requirements; modifying certain special taxing districts
provisions; authorizing counties to send tax statements by electronic means upon
written request of the real property owner; modifying procedures for partial
payments of delinquent taxes; modifying qualifying homesteads under the senior
citizens property tax deferral program; modifying certain provisions under the
sustainable resource management incentive program, providing for appeals;
repealing certain provisions relating to examinations and investigations and the
board of assessors

ARTICLE 5 - MISCELLANEOUS

Requiring referring agencies
to refer debts electronically to the commissioner of revenue for collection;
modifying computation of debt; prohibiting tax refunds or other payments payable
by the commissioner of revenue to a taxpayer from being assignable, subject to
execution, levy, attachment, garnishment, lien foreclosure or other legal
process except as provided by law; expanding the requirement for the
commissioner to publish lists of convicted tax preparers to include tax
preparers assessed penalties exceeding a certain amount; providing for a notice
of lien filed with the office of secretary of state to be transcribed to any
county for a certain period of time; modifying provisions relating to the state
reimbursement for volunteer firefighters retirement supplemental benefit
payments
(je)