Bill > H4996

This bill aims to improve tax administration in the Commonwealth. The key provisions include: 1. Establishing a uniform statewide system for filing tax liens, called the State Tax Lien Centralized Registry, which will perfect tax liens and attach them to all of the taxpayer's existing and after-acquired property in the Commonwealth. 2. Clarifying the definitions of "self-assessment" and "deficiency assessment" in the tax code, and making changes to the procedures for filing amended returns, requesting appeals, and obtaining refunds or credits. 3. Modifying various administrative provisions related to tax returns, examinations, assessments, and collections, such as extending the period for examination of records, revising the rules for combined corporate reporting, and enhancing the commissioner's authority to address non-compliance. 4. Updating references throughout the tax code from "abatement" to "request for appeal" to better align the terminology. 5. Providing contractors renting construction equipment for tax-exempt projects a mechanism to obtain a sales tax exemption certificate from the Department of Revenue. The bill also includes various effective date provisions, transition rules, and other technical changes to improve tax administration in the Commonwealth.

Budget and Finance

Joint Committee on Revenue (J)

https://malegislature.gov/Bills/192/H4996