HOUSE BILL 488
Law
Burden of proof for deduction
TAXES – Amends existing law to provide that a taxpayer’s sworn statement that an expenditure was made for an identified deduction is conclusive proof to establish the taxpayer’s right to the deduction.
RS31035 / H0488
This legislation would clarify that a credit card statement or other documentation from a financial institution, coupled with a sworn statement from the taxpayer to the effect that the expense was incurred for an identified deduction purpose, conclusively establishes the taxpayer's right to claim the deduction or credit.
This legislation will not cause additional expenditure of funds at the state or local level of government. Therefore, the legislation would have no fiscal impact.
| Date | Description |
|---|---|
| 02/06 | Introduced, read first time, referred to JRA for Printing |
| 02/07 | Reported Printed and Referred to Revenue & Taxation |
| 02/14 | Reported out of Committee with Do Pass Recommendation, Filed for Second Reading |
| 02/15 | Read second time; Filed for Third Reading |
| 02/16 | Read Third Time in Full – PASSED - 70-0-0 AYES – Achilles, Alfieri, Allgood, Andrus, Barbieri, Berch, Blanksma, Boyle, Bundy, Burns, Cannon, Cheatum, Chew(Wilson), Clow, Cornilles, Crane(12), Crane(13), Dixon(1), Dixon(24), Durrant, Ehardt, Ehlers, Erickson, Furniss, Galaviz, Gallagher, Gannon, Garner, Green, Handy, Hawkins, Healey, Hill, Holtzclaw, Horman, Kingsley, Lambert, Lanting, Manwaring, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Necochea, Nelsen, Palmer, Petzke, Pickett, Price, Raybould, Raymond, Redman, Roberts, Rubel, Sauter, Scott, Shepherd, Skaug, Tanner, Vander Woude, Weber, Wheeler, Wisniewski, Wroten, Yamamoto, Young, Mr. Speaker NAYS – None Absent – None Floor Sponsor - Cannon Title apvd - to Senate |
| 02/19 | Received from the House passed; filed for first reading |
| 02/19 | Introduced, read first time; referred to: Local Government & Taxation |
| 02/23 | Reported out of Committee with Do Pass Recommendation; Filed for second reading |
| 02/26 | Read second time; filed for Third Reading |
| 03/05 | Retained on calendar |
| 03/06 | Read third time in full – PASSED - 32-2-1 AYES – Anthon, Bernt, Bjerke, Burtenshaw, Carlson, Cook, Den Hartog, Grow, Guthrie, Harris, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Semmelroth, Taylor, Toews, Trakel, VanOrden, Ward-Engelking, Winder, Wintrow NAYS – Foreman, Zuiderveld Absent and excused – Adams Floor Sponsor - Bernt Title apvd - to House |
| 03/07 | Returned from Senate Passed; to JRA for Enrolling |
| 03/07 | Reported Enrolled; Signed by Speaker; Transmitted to Senate |
| 03/08 | Received from the House enrolled/signed by Speaker |
| 03/08 | Signed by President; returned to House |
| 03/11 | Returned Signed by the President; Ordered Transmitted to Governor |
| 03/11 | Delivered to Governor at 10:33 a.m. on March 11, 2024 |
| 03/13 | Reported Signed by Governor on March 12, 2024 Session Law Chapter 30 Effective: 07/01/2024 |