House Bill 23 Summary

• Clarifies that following a perfected protest, a taxpayer has the right to submit additional evidence or documentation during the redetermination process subject to section 63-3045B(3)(a).

• Establishes that a notice of deficiency becomes final on the day following the end of the 63-day protest period if a taxpayer does not file a protest.

• Provides that if a taxpayer files but does not perfect a protest or request a hearing, the notice of deficiency becomes final on the 29th day following notification of the deficiency, though the tax commission may reduce the deficiency amount during this period.

• Corrects a code reference in section 14-532 relating to unclaimed property law enforcement by excluding subsection (7) instead of subsection (6) of section 63-3045.

• Makes technical corrections including changing "acknowledgement" to "acknowledgment" and clarifying protest and perfection procedures.

• Declares an emergency effective upon passage and approval, applying to protests received on or after that date.