Introduced Version






SENATE BILL No. 483

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 6-3-4-1.5.

Synopsis: Electronic filing of business tax returns. Requires the department of state revenue to permit filing of corporate income tax returns and information returns for pass through entities in an electronic format.

Effective: July 1, 2011.





Kruse




    January 13, 2011, read first time and referred to Committee on Appropriations.







Introduced

First Regular Session 117th General Assembly (2011)


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SENATE BILL No. 483



    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)IN0483.1.1. -->     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 one hundred (100) returns in a calendar year 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.
     (d) For taxable years beginning after December 31, 2011, the department shall provide for the filing of:
        (1) returns for persons described in section 1(3) of this chapter; and
        (2) information returns for a person that has business income and that is also a pass through entity;
in an electronic format specified by the department.