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Office of the Revisor of Statutes

SF 2126 Senate Long Description

Relating to taxation; requiring the attorney general upon accepting an offer to compromise a tax debt to notify the taxpayer of the compromise and the commissioner of revenue to notify the taxpayer of the release of related liens; excluding from taxable income gains realized on contract for deed terminations, mortgage foreclosures or deeds in lieu of foreclosure on real or personal property used in a farm business owned and operated by the taxpayer under certain conditions (ra)