HB 1058 – Information regarding municipal taxpayers

HB 1058 passed the Senate on a vote of 48 – 2. It requires the Department of State Revenue to develop an annual report that: (1) identifies the total number of taxpayers that live within a particular incorporated city or town; (2) identifies the total adjusted gross income of those taxpayers; and (3) any other information that can be abstracted from the taxpayers’ individual income tax returns, as agreed to by the department and the Legislative Services Agency. It requires the Dept. of State Revenue to provide this information to LSA upon a written request and the agency’s agreement to maintain its confidentiality.