ID H0382

Paid tax return preparers who prepare more than 10 individual income tax returns and business income returns must submit each return electronically to the state tax commission starting January 1, 2015, unless the taxpayer requests alternative filing means in a form prescribed by the commission.

Partnerships and S corporations with more than 100 partners or shareholders must submit returns electronically starting January 1, 2015, unless the partnership requests a waiver for alternative filing.

Corporations with more than $10,000,000 in assets must submit returns electronically starting January 1, 2015, unless the corporation requests a waiver for alternative filing.

Tax return preparers who violate the electronic filing requirement shall pay a penalty not to exceed $5.00 for each return filed in violation.

Revises the definition of "transmitted electronically" to clarify it includes third party value added networks and facsimile machines used to transfer information in machine-sensible form.