- Committee -

SCS/SB 550 - This act allows partnerships, corporations and trusts the same protection as currently provided for individual taxpayers. In addition, the Director of Revenue would have the burden of proof in cases where tax exemptions and credits are challenged but only if the taxpayer has provided complete, accurate and legible records in support of the exemption or credit.

This act is similar to HCS/SB 936.

DAVID TALLMAN