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CS/HB 507: Federal Taxation

GENERAL BILL by Ways & Means Committee ; Overdorf ; (CO-INTRODUCERS) Bankson ; Basabe ; Black ; Jacques ; Killebrew ; Maggard

Federal Taxation; Authorizes CFO to reimburse owner of small business attorney fees & costs from IRS Civil Liability Trust Fund; provides for action in court for award of attorney fees & costs, actual damages, & punitive damages when IRS is found to have committed violations; provides third party settlement organizations are required to submit information to DOR only for participating payees in this state; requires OFR to submit annual report to FSC & Legislature.

Effective Date: 7/1/2023
Last Action: 5/5/2023 House - Died in Judiciary Committee
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    1/24/2023 House • Filed
    2/1/2023 House • Referred to Ways & Means Committee
    • Referred to Judiciary Committee
    • Referred to Appropriations Committee
    • Now in Ways & Means Committee
    3/7/2023 House • 1st Reading (Original Filed Version)
    3/28/2023 House • Added to Ways & Means Committee agenda
    3/30/2023 House • Favorable with CS by Ways & Means Committee
    • Reported out of Ways & Means Committee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    3/31/2023 House • Referred to Judiciary Committee
    • Referred to Appropriations Committee
    • Now in Judiciary Committee
    • 1st Reading (Committee Substitute 1)
    5/5/2023 House • Died in Judiciary Committee

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  • CS/HB 507, Committee Substitute 1 (Current Bill Version) Posted 3/30/2023 at 5:58 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 509 Trust Funds/Internal Revenue Service Civil Liability Trust Fund/DFS Overdorf Linked Last Action: 5/5/2023 H Died in Judiciary Committee
    S 372 Federal Taxation Ingoglia Similar Last Action: 5/5/2023 S Died in Judiciary
    S 374 Internal Revenue Service Civil Liability Trust Fund Ingoglia Compare Last Action: 5/5/2023 S Died in Judiciary

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    17.45 Page 2 (pdf)
    72.042 Page 4 (pdf)
    212.134 Information returns relating to payment-card and third-party network transactions. Page 6 (pdf)
    655.045 Examinations, reports, and internal audits; penalty. Page 8 (pdf)

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  • HB 507, Original Filed Version Posted 1/24/2023 at 12:20 PM

    Bill Text:   PDF
    Analyses:   Ways & Means Committee (Post-Meeting) 3/30/2023 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 509 Trust Funds/Internal Revenue Service Civil Liability Trust Fund/DFS Overdorf Linked Last Action: 5/5/2023 H Died in Judiciary Committee
    S 372 Federal Taxation Ingoglia Similar Last Action: 5/5/2023 S Died in Judiciary
    S 374 Internal Revenue Service Civil Liability Trust Fund Ingoglia Compare Last Action: 5/5/2023 S Died in Judiciary

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    709825 - Strike All Amendment
    Remove everything after the enacting clause and insert:
    Overdorf 3/29/2023
    12:19 PM
    PDF

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    17.45 Page 2 (pdf)
    72.042 Page 4 (pdf)
    212.134 Information returns relating to payment-card and third-party network transactions. Page 6 (pdf)
    655.045 Examinations, reports, and internal audits; penalty. Page 7 (pdf)

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