SF 2396: Relating to state taxation by modifying lottery and alcoholic beverages provisions under the purview of the department of revenue, changing the taxation of lump sum distributions of retirement income, increasing estimated tax thresholds, making appropriations, and including effective date and retroactive applicability provisions

What it does

This bill relates to the administration of state taxation, the lottery, and alcoholic beverages under the purview of the department of revenue. DIVISION I —— DISCLOSURE OF TAX INFORMATION. The bill specifies and updates the circumstances the department of revenue (department) may disclose state tax return and audit information to law enforcement. The division takes effect upon enactment. DIVISION II —— ANNUAL REPORTING. The bill strikes the requirement that the department annually report to the general assembly the areas of recurrent taxpayer noncompliance with the rules of the department including any recommendations relating to the noncompliance.

House subcommittee · named March 18, 2024

• Rep. Jane Bloomingdale (R) · jane.bloomingdale@legis.iowa.gov
• Rep. Brian Best (R)
• Rep. Amy Nielsen (D) · amy.nielsen@legis.iowa.gov

Lobbying · 5 for, 0 against

For: Department of Revenue; Iowa Firefighters Association (IFA); Iowa Fraternal Order of Police; Iowa Taxpayers Association; National Federation of Independent Business (NFIB /IA)

In plain words

1. February 22, 2024Filed in the Senate
2. February 22, 2024Approved by the Senate committee
3. March 5, 2024Passed the Senate, 49–0
4. March 6, 2024Arrived in the House
5. March 18, 2024House subcommittee named: Bloomingdale, Best and Nielsen
6. March 19, 2024Subcommittee recommended passing it
7. April 18, 2024Approved by the House committee
8. April 19, 2024Passed the House, 93–0
9. April 19, 2024Cost estimate (fiscal note) posted