S803 - Revenue Laws Technical, Clarifying, and Administrative Changes. (SL 2016-92)

Overview: S.L. 2016-92 makes technical changes to tax statutes, including the following, that amend the result from prior law: (i) allows local governments to share confidential taxpayer information necessary to administer a tax; (ii) limits the look back period to determine the amount of a bond for a Non-Participating Manufacturer under the Master Settlement Agreement to the preceding three calendar years; and (iii) moves the date to calculate employers' tax rate for unemployment insurance taxes to September 1 to include tax payments made in the second quarter of the year.

S.L. 2016-92 generally became effective July 11, 2016; however, several provisions had other effective dates due to reporting periods. Please see the full summary for additional detail.