HB 1044 Summary

• Expands mandatory electronic filing requirements for tax returns to include partnerships with gross income exceeding $250,000, S corporations with gross income exceeding $250,000, and individual taxpayers with federal adjusted gross income exceeding $100,000.

• Requires tax return preparers to file returns electronically if they reasonably expect to prepare more than ten returns of the same tax type in a calendar year, with a $50 penalty per return for non-compliance.

• Modifies electronic funds transfer requirements to apply to all taxpayers subject to mandatory electronic filing, regardless of tax liability thresholds.

• Eliminates the $5 fee for certified copies of tax clearances and authorizes the department to disclose tax compliance information to liquor licensing agencies.

• Establishes fixed interest rates (3.0% for corporations, 1.5% for corporations with overpayments exceeding $10,000, and 4.0% for all other taxpayers) for payments made from the litigated claims fund on appealed tax cases.