Legislative Session number- 89

Bill Name: SF1559

Relating to taxation

ARTICLE 1 - INDIVIDUAL INCOME, CORPORATE FRANCHISE, AND
ESTATE TAXES

Expanding certain filing, reporting and preparer identification
number requirements; modifying certain owner or managing agent rent certificate
requirements for property tax refunds; modifying the qualified farm property
estate tax provision

ARTICLE 2 - SPECIAL TAXES

Expanding certain
limitations on time for assessment of tax; modifying pharmacy refund for
qualifying legend drugs delivered outside the state; defining bulk storage or
bulk storage facility and expanding the definition of motor fuel; modifying the
untaxed gambling product provision

ARTICLE 3 - PROPERTY TAXES

Modifying
and clarifying certain property tax provisions relating to income property
assessment data, airline flight property taxes, railroad company reports, county
assessor reports of assessment filed with the commissioner of revenue, wind
energy production taxes, local and county assessors duties and compliance
requirements, reports, proceedings and appeal of utility companies, county board
of appeal and equalization duties, local government tax levies reporting
requirements, additional eligibility requirements for enrollment in the
sustainable forest incentive program and requiring verification of forest
management plan, local government aid (LGA) communication by electronic mail
authority and aquatic invasive species prevention aid certifications, contracts
for deed involving residential property exceptions, and agricultural homestead
qualifying for a credit for taxes payment provision; repealing the definitions
of current use value and capitalization rate and the calculation of average
estimated market value for managed forest land

ARTICLE 4 -
MISCELLANEOUS

Modifying certain miscellaneous tax provisions; modifying
content, format, and manner of certain forms and other documents; defining and
redefining certain terms; modifying and conforming certain department of revenue
administration and compliance provisions
(je)