HB 1043 Summary

• Replaces multiple district boards of review with a single statewide tax appeal review panel consisting of no more than three full-time members appointed by the director of taxation for five-year terms.

• Panel members must devote full time to duties, cannot hold other public office or state employment, and are removable by the director for cause including decisions not supported by a "reasonable basis."

• Amends the administrative appeals and dispute resolution program to allow participation only after issuance of a final assessment, eliminating appeals of proposed assessments.

• Allows existing board of review appeals to continue or be withdrawn and refiled with the new panel; all pending appeals automatically transfer to the panel on January 1, 2021.

• Appropriates funds to the department of taxation for panel member salaries, one staff position, and administrative costs for fiscal years 2019-2020 and 2020-2021.