Home >> Prior Interim Sessions >  07 08 RATIC Apr

April 17 - 18, 2008
Agenda
Whither Gross Receipts Taxes, Jeff Martin, LSD
Administrative Rule Activity for DOR and DOT
LC9997 - 2 year conformity with federal income tax law - HJR 61 study, Lee Heiman
LC9998 - fixed date conformity with federal income tax law - HJR 61 - study, Lee Heiman

State General Fund Collection, Terry Johnson, LFD

Realty Transfer Certificate Study, Mark Josephson, Chairman of the Montana Land Title Assocation

Alternative Proposed Solution to Non-Resident Withholding, Vern Hoven, CPA

DOR - RTC Project:

1. Realty Transfer Project - Income Tax Compliance on Land Sales
2. Realty Transfer Certificate Data Capture Status
3. Non-Resident Participation in Montana Real Estate Transactions Summary
4. Summary Resluts from Montana Ral Estate Transactions Compliance Initiative
5. Results from Montana Real Estate Sales Compliance Initiative
6. 1099 S Compliance Cases Worked
7. Withholding at Time of Salve vs. After Sale Collection Efforts
8. Estimated Rates of Return on Nonresident Land Sales
9. Federal Individual Income Tax Underreporting Gap
10. General compliance rate of Selected Taxpayer Groups
11. List of States With Non-Resident Withholding on Land Sales

1. Tax Season Update
2. E-Services Time Line - Where We Are and Where We Are Going

Tax Compliance:

1. Audit compliance
2. Ratio of Audit Collections to Expenditures by Fiscal Year
3. Complicance and Collections - Third Quarter FY08 Report
4. Pass-Through Entities Audit Program Report

Litigation Update/Pass-Through Entities:

1. Major Case Update
2. Centrally Assessed - Taxes Paid Under Protest

Federal Economic Stimulus Legislation:

1. Overview of the Economic Stimulus Act 2008
2. Overview of Housing Market Relief Legislation
3. Economic Stimulus Payments

Property Reappraisal:

1. Relationship of Reappraisal to Market Trends
2. Update on Current Property Reappraisal Cycle
3. 2009 Reappraisal Graph

Miscellaneous conformity documents:  Overview of state Practices, by Jeff Martin; Federal Tax Reform and State Taxes by Harley Duncan; Relationships Between Federal and State Income Taxes by Harly Duncan