REVISED
STATEMENT OF PURPOSE
RS30059 / H0032
The IRS has significantly expanded its size and scope in recent years and has proposed various ways of requiring
financial institutions to disclose private account information. This legislation prohibits a bank, savings bank,
savings and loan association, or credit union chartered under this state's law (state-chartered financial institution)
from disclosing to the federal Internal Revenue Service deposit and withdrawal transaction information for any
account held at the state-chartered financial institution except when required by preexisting state or federal law.
FISCAL NOTE
There is no impact to the General Fund as it does not require an outlay of public funds.
Contact:
Representative James Petzke
(208) 332-1000
Trent Wright
Idaho Bankers Association
(208) 342-8282
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN REVISED: 01/26/2023, 2:44 PM


Statutes affected:
Bill Text: 26-1112