Bill Number: H.B. 2447

                                                                                                             Lesko Floor Amendment

                                                                                         Reference to: House engrossed bill

                                                                                                Amendment drafted by: Bill Ritz

 

 

 

·         Requires DOR to develop the software necessary for property managers to file an online consolidated tax return and outlines the dates for implementation of electronic filing.

·         Specifies information that can be shared with property managers upon written consent of property owners.

·         Strikes language to clarify that tax returns are filed with respect to gross income.

·         Makes conforming changes.

 

Fifty-second Legislature                                                    Lesko

First Regular Session                                                   H.B. 2447

 

LESKO FLOOR AMENDMENT

 

SENATE AMENDMENTS TO H.B. 2447

 

(Reference to House engrossed bill)

 

 

Page 1, line 9, strike “OR GROSS PROCEEDS”

Between lines 10 and line 11, insert:

“B. FOR TAXABLE PERIODS BEGINNING FROM AND AFTER DECEMBER 31, 2016, THE DEPARTMENT OF REVENUE SHALL DEVELOP THE SOFTWARE APPLICATION AND RELATED CODING NECESSARY FOR PROPERTY MANAGERS OF REAL PROPERTY TO FILE ONLINE A SINGLE CONSOLIDATED TAX RETURN WITH THE DEPARTMENT THAT CAPTURES EACH CLIENT PROPERTY OWNER’S LICENSE NUMBER AND SEPARATELY IDENTIFIES EACH OWNER’S PROPERTY LOCATIONS AND THE DETAILED GROSS INCOME AND ANY CORRESPONDING DEDUCTIONS FOR EACH PROPERTY LOCATION.

C. NOTWITHSTANDING SECTION 42-5014, subsection H and EXCEPT AS PROVIDED IN SUBSECTION D of this section, FROM AND AFTER DECEMBER 31, 2017 ANY PROPERTY MANAGER OF REAL PROPERTY WHO FILES A CONSOLIDATED TAX RETURN PURSUANT TO SUBSECTION A of this section SHALL FILE THE RETURN ELECTRONICALLY AFTER THE DEPARTMENT HAS SUCCESSFULLY IMPLEMENTED THE SOFTWARE AND CODING CHANGES TO ALLOW FOR THE FILING OF AN ONLINE SINGLE CONSOLIDATED TAX RETURN AS DESCRIBED BY THIS SECTION.

D.  from JANUARY 1 THROUGH DECEMBER 31, 2017, ANY PROPERTY MANAGER OF REAL PROPERTY WHO FILES A CONSOLIDATED TAX RETURN PURSUANT TO SUBSECTION A of this section MAY FILE THE RETURN IN A NON-ELECtronic FORMAT WITH THE DEPARTMENT.”

Reletter to conform

Line 15, after the period insert “NOTWITHSTANDING SECTION 42-2003, THE WRITTEN CONSENT OF EACH PARTICIPATING CLIENT PROPERTY OWNER SHALL AUTHORIZE THE DEPARTMENT TO EXCHANGE CONFIDENTIAL INFORMATION REGARDING ANY CLIENT PROPERTY OWNER RELATING TO ANY REPORTING PERIODS THAT THE PROPERTY MANAGER WAS AUTHORIZED TO ACT ON BEHALF OF THE CLIENT PROPERTY OWNER. THE WRITTEN CONSENT

OF EACH PARTICIPATING CLIENT PROPERTY OWNER SHALL BE MAINTAINED IN THE OFFICE OF THE PROPERTY MANAGER AND SHALL BE AVAILABLE FOR INSPECTION ON REQUEST.”

Amend title to conform

 

 

 

 

3/31/15

9:22 AM

S: BR/jo