Introduced Version






SENATE BILL No. 354

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 6-3-4-1.5.

Synopsis: Electronic filing of tax returns. Provides that a professional preparer that files more than 50 returns in 2012 and more than 10 returns after 2012 for individuals must file the returns electronically in the immediately following calendar year.

Effective: July 1, 2011.





Broden




    January 11, 2011, read first time and referred to Committee on Tax and Fiscal Policy.







Introduced

First Regular Session 117th General Assembly (2011)


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SENATE BILL No. 354



    A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 6-3-4-1.5; (11)IN0354.1.1. -->     SECTION 1. IC 6-3-4-1.5, AS AMENDED BY P.L.131-2008, SECTION 14, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2011]: Sec. 1.5. (a) If a professional preparer files more than:
         (1) one hundred (100) returns in a calendar year before 2012;
        (2) fifty (50) returns in calendar year 2012; and
        (3) ten (10) returns in a calendar year after 2012;

for persons described in section 1(1) or 1(2) of this chapter, in the immediately following calendar year the professional preparer shall file returns for persons described in section 1(1) or 1(2) of this chapter in an electronic format specified by the department.
    (b) A professional preparer described in subsection (a) is not required to file a return in an electronic format if the taxpayer requests in writing that the return not be filed in an electronic format. Returns filed by a professional preparer under this subsection shall not be used in determining the professional preparer's requirement to file returns in an electronic format.
    (c) After December 31, 2010, A professional preparer who does not

comply with subsection (a) is subject to a penalty of fifty dollars ($50) for each return not filed in an electronic format, with a maximum penalty of twenty-five thousand dollars ($25,000) per calendar year.