HB 5433 Summary

• Allows the tax commissioner to use electronic signatures for filings under tax statutes.

• Extends the green building tax credit program by removing the December 1, 2017 deadline, though no initial credit vouchers may be issued after November 30, 2017.

• Changes tax examination procedures to use "not later than" language instead of "within" and removes requirement to notify State Comptroller of tax discrepancies.

• Modifies estate and gift tax provisions to apply only to decedents dying on or before January 1, 2005 and reorganizes tax rate structures for estates and gifts in 2018-2019.

• Updates income tax withholding requirements for pension and annuity distributions, clarifying lump sum distribution calculations and establishing transition provisions through 2025 for pension income deductions.