HB 1427-1_ Filed 04/11/2011, 10:09 Broden
that Engrossed House Bill 1427 be amended to read as follows:
SOURCE: Page 1, line 1; (11)MO142701.1. -->
Page 1, between the enacting clause and line 1, begin a new
paragraph and insert:
SOURCE: IC 6-3-4-1.5; (11)MO142701.1. -->
"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 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.
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.".
Renumber all SECTIONS consecutively.
(Reference is to EHB 1427 as printed April 8, 2011.)