Bill
Bill > H0032
ID H0032
ID H0032Amends and adds to existing law to establish provisions regarding disclosures by financial institutions to the Internal Revenue Service.
summary
Introduced
01/26/2023
01/26/2023
In Committee
01/27/2023
01/27/2023
Crossed Over
Passed
Dead
04/06/2023
04/06/2023
Introduced Session
2023 Regular Session
Bill Summary
BANKS -- Amends and adds to existing law to establish provisions regarding disclosures by financial institutions to the Internal Revenue Service.
AI Summary
This bill amends and adds to existing law to establish provisions regarding disclosures by financial institutions, such as banks, to the Internal Revenue Service (IRS). Specifically, the bill prohibits financial institutions from disclosing account balances, transactions, transfers, or similar information to the IRS, except where required by state or federal law. The bill also modifies the existing law on the confidentiality of information obtained by the state's Department of Finance, allowing disclosure to the IRS only as permitted under the new section on financial institution disclosures.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Business Committee (House)
Last Action
Reported Printed and Referred to Business (on 01/27/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2023/legislation/H0032/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/H0032.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/H0032SOP.pdf |
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