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SB 2514 — Electronic Filing of Taxes
by Appropriations Committee
This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.
Prepared by: Appropriations Committee (AP)
The bill, relating to Electronic Filing of Taxes, conforms statutes to the funding decisions in the General Appropriations Act for Fiscal Year 2022-2023.
The bill authorizes the Executive Director of the Department of Revenue to reduce the electronic filing threshold for taxpayers remitting and filing taxes, from $20,000 to $5,000. Lowering the electronic filing and payment threshold will result in efficiencies in the department’s General Tax Administration Program of $329,572 in recurring general revenue.
If approved by the Governor, these provisions take effect January 1, 2023.
Vote: Senate 33-0; House 107-0