This bill modifies provisions relating to the tax code.
This bill:
- repeals obsolete language;
- provides the scope of the State Tax Commission's authority to share income tax return information with the Department of Workforce Services to determine eligibility for public assistance;
- provides the circumstances under which there is an annual limit on the total amount of interest that the commission pays;
- requires a payment settlement entity, such as a marketplace facilitator, to file certain federal forms with the State Tax Commission;
- clarifies what is a commercial unit for purposes of claiming a commercial energy system tax credit;
- updates the circumstances under which an individual is exempt from individual income tax;
- creates a deduction for individuals who have to repay social security that is subject to income tax;
- provides for the repeal of the enterprise zone tax credit, which, by statute, automatically expired;
- extends the carry forward period for a tax credit available to a pass-through entity taxpayer who receives income from a pass-through entity that paid the income tax on the income;
- provides the circumstances for the automatic removal of refundable individual income tax credits from the income tax return; and
- makes technical changes.
Recommended by: Revenue and Taxation Interim Committee

Statutes affected:
Introduced: 35A-3-105, 59-1-403, 59-7-614, 59-7-614.10, 59-10-104.1, 59-10-114, 59-10-510, 59-10-1037, 59-10-1042, 63I-2-259, 59-10-1112, 63I-2-263
Substitute #1: 35A-3-105, 59-1-403, 59-7-614, 59-7-614.10, 59-10-104.1, 59-10-114, 59-10-510, 59-10-1037, 59-10-1042, 63I-2-259, 59-10-1112, 63I-2-263
Substitute #2: 35A-3-105, 59-1-403, 59-7-614, 59-7-614.10, 59-10-104.1, 59-10-114, 59-10-510, 59-10-1037, 59-10-1042, 63I-2-259, 59-10-1112, 63I-2-263
Substitute #3: 35A-3-105, 59-1-403, 59-7-614, 59-7-614.10, 59-10-104.1, 59-10-114, 59-10-510, 59-10-1037, 59-10-1042, 59-10-1045, 63I-2-259, 59-10-1112, 63I-2-263
Substitute #4: 19-12-203, 35A-3-105, 59-1-402, 59-1-403, 59-7-614, 59-7-614.10, 59-10-104.1, 59-10-114, 59-10-510, 59-10-1037, 59-10-1042, 59-10-1045, 63I-2-259, 59-10-1112, 63I-2-263