Sunset DOR Department Of Revenue Private Letter Ruling & General Information Letter

Currently, the executive director of department of revenue (department), or the executive director's designee, is charged with issuing the following upon written request from a taxpayer:

• Private letter rulings (binding determinations regarding the tax consequences of a proposed or completed transaction); and
• Information letters (nonbinding statements providing general information regarding any tax administered by the department).

This duty is currently scheduled to sunset on September 1, 2016. The act continues the requirement of the department to issue these letters until September 1, 2023.

The act also specifies that the department must track the total state full-time equivalent (FTE) personnel positions necessary and the hours dedicated by each FTE for the issuance, declination, modification, or revocation of all information letters or private letter rulings.

(Note: This summary applies to this bill as enacted.)