Amends existing law to require the State Tax Commission to provide certain notices to taxpayers regarding the substantiation of deductible expense.
TAXATION -- Amends existing law to require the State Tax Commission to provide certain notices to taxpayers regarding the substantiation of deductible expense.
STATEMENT OF PURPOSE
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H30inthe2023LegislativeSessionmadeacreditcardorbankstatementallowableevidenceforanexpenditure during a tax audit. This proposed legislation ensures that during an audit the tax commission notifies the taxpayer of this option.
FISCAL NOTE
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This legislation causes no additional expenditure of funds at the state or local level of government, nor does it cause an increase or decrease in revenue for state or local government. Therefore, the legislation has no fiscal impact.
HOW THEY VOTED
House Third Reading
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YEA (66)
NAY (0)
ABSENT / NOT VOTING (4)
Senate Third Reading
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YEA (35)
NAY (0)
LATEST ACTION
Reported Signed by Governor on March 31, 2025 Session Law Chapter 224 Effective: 07/01/2025
BILL INFO
- Session
- 2025
- Chamber
- house
- Status date
- Apr 1, 2025
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