Introduced by Rep. Tim Melton (D) on June 7, 2007, to clarify a law establishing that a taxpayer has a right to rely on bulletins and private letter rulings from the Department of Treasury regarding tax law regulations and interpretations without penalty if the department later changes the ruling and retroactively seeks to levy a penalty. The bill would define “penalty” as making a taxpayer subject to tax, penalty or interest.
Referred to the House Tax Policy Committee on June 7, 2007.
Reported in the House on July 25, 2007, without amendment and with the recommendation that the bill pass.
1) 2007 House Bill 4891 (Clarify retroactive tax rulings limitation law ) by admin on January 1, 2001 Introduced in the House on June 7, 2007, to clarify a law establishing that a taxpayer has a right to rely on bulletins and private letter rulings from the Department of Treasury regarding tax law regulations and interpretations without penalty if the department later changes the ruling and retroactively seeks to levy a penalty. The bill would define “penalty” as making a taxpayer subject to tax, penalty or interest
The vote was 106 in favor, 0 opposed and 4 not voting