The bill amends Iowa Code section 421.60, specifically subsection 2, paragraph b, to enhance the requirements for the notices of assessment and refund denial that the Department of Revenue must provide to taxpayers. It mandates that the department furnish a detailed explanation of the reasons for any assessment or denial of a refund claim at the time of issuing the notice. The bill clarifies that simply stating the amount of tax, interest, and penalty, along with an attachment of the tax computation, is insufficient for proper notification.

Additionally, the bill removes the provision that an inadequate explanation shall not invalidate the notice, thereby emphasizing the importance of providing a comprehensive explanation. This change aims to ensure that taxpayers receive clear and thorough information regarding the reasons for any assessments or denials, thereby improving transparency and accountability in the tax process. The consequences for failing to provide adequate notice are addressed in another section of the code.

Statutes affected:
Introduced: 421.60