The bill amends the Income Tax Act of 1967 by updating section 471 and adding a new section 707a. Key changes include the requirement for the Department of Treasury to administer the tax and prescribe forms for taxpayers, with new language emphasizing that rules must follow federal IRS rulings unless inconsistent with state law. The bill mandates that state income tax returns must include spaces for taxpayers to indicate their school district and their willingness to participate in the anatomical gift donor registry, along with a statement regarding the necessary steps to complete the registration. Additionally, starting with the 2025 tax year, the instruction booklet accompanying tax returns will include information on classifying individuals as employees or independent contractors, along with contact information for reporting payroll fraud.

Furthermore, the new section 707a requires the Department to send notices to payees listed on form 1099-MISC, explaining the classification rules for employees and independent contractors, and providing contact information for reporting potential misclassification. The bill aims to enhance taxpayer awareness and compliance regarding anatomical gifts and employment classifications, while also ensuring that relevant information is accessible through the Department's official website.

Statutes affected:
House Introduced Bill: 206.471