Bill > HB115

This bill amends the definition of "tax return preparer" in the Tax Administration Act, requiring certain tax return preparers to be permitted by the Taxation and Revenue Department and imposing civil penalties for violations. The bill requires tax return preparers to sign returns and provide their federal preparer tax identification number, and allows the Department to seek injunctions against preparers engaging in certain conduct. The bill also creates a permitting system for tax return preparers, with certain qualifications and grounds for suspension or revocation of a permit. The bill provides exceptions for certain professionals like CPAs, attorneys, and government employees.

Budget and Finance

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=115&year=21