2005 House Bill 5362 ↩

House Roll Call 13: Passed

To establish that a taxpayer has a right to rely on bulletins and private letter rulings from the Department of Treasury regarding tax law regulations and interpretations, as modified by subsequent court decisions, so that the department can not come back latter and demand back taxes by retroactively changing a ruling it had issued previously and which a taxpayer had relied on to determine tax liability. A recent court ruling in a dispute regarding the very complex Single Business Tax found that nothing in current state law prohibits the department from doing this.