E-FILE REQUIREMENT: TAX RETURNS - H.B. 5440: FLOOR ANALYSIS


style="font-family: 'Verdana', monospace">House Bill 5440 (as reported with amendment)

Sponsor: Representative Joanne Emmons

House Committee: Tax Policy

Senate Committee: Finance


CONTENT


The bill would amend the Single Business Tax Act to prohibit the Department of Treasury from requiring any person who prepared a tax return on behalf of another person for compensation to file electronically. The bill would apply only to the tax year beginning on or after January 1, 2003, and before January 1, 2004.


MCL 208.80       60;          &# 160;          & #160;                    Legisl ative Analyst: Julie Koval


FISCAL IMPACT


There are approximately 200,000 single business tax returns filed annually. None were filed electronically last year. The bill would prevent the Department from achieving administrative savings by requiring electronic transmission of single business tax returns.


Date Completed: 2-26-04      & #160;                       ; Fiscal Analyst: Bill Bowerman

floor\hb5440      60;     Analysis available @ http://www.michiganlegislature.org

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.