FL S2044

Repeals sections 202.31 and 212.10 relating to liability for taxes following business sales, replacing them with new comprehensive transfer liability provisions in section 213.758.

Creates section 212.131 requiring sellers of alcoholic beverages and tobacco products to file annual electronic information reports to the Department of Revenue, with penalties up to $10,000 for non-compliance.

Authorizes the Department of Revenue to require cash deposits, bonds, or other security from dealers and expands the definition of "person" liable for such requirements to include controlling interest owners and those acquiring ownership interests in businesses.

Revises section 213.758 to define transferee liability for unpaid taxes when acquiring more than 50 percent of a business or its assets, requires receipt of compliance certificate or audit clearance to avoid liability, and establishes that transferee liability is limited to the fair market value of assets transferred or purchase price, whichever is greater.

Allows the Department of Revenue to access photographs or digital images from the Department of Highway Safety and Motor Vehicles for tax administration purposes and reduces the unemployment tax employer threshold from 500 to 100 employers for releasing tax rate information to payroll service agents.