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GA HB452
Bill
Status
Engrossed
3/12/2020
Primary Sponsor
Steven Sainz
Click for details
AI Summary
- Georgia Department of Revenue may request information from financial institutions up to 4 times per year to identify accounts held by delinquent taxpayers for whom the department has filed a tax execution
- Financial institutions must respond within 30 days with an electronic report identifying any accounts held by the named delinquent taxpayer, including name, address, SSN/taxpayer ID, and average daily account balance
- The department may designate a third-party agent to operate the automated data exchange; all exchanged data must be treated as confidential tax information, with unauthorized disclosure subject to criminal penalties
- Financial institutions are shielded from state liability for disclosing account information, encumbering or surrendering assets in response to a lien or levy, or other good-faith compliance actions under the program
- Financial institutions may charge a fee of $20.00 to $50.00 (as set by the commissioner) to any account levied upon, deducted before remitting funds to the department
Legislative Description
Revenue, Department of; access Bank Match Registry for certain purposes; allow
Last Action
Senate Read and Referred
3/13/2020
Full Bill Text
No bill text available