§ 14-a. Tax audit reporting system.
1.The department of taxation and\nfinance shall establish and maintain a comprehensive tax audit reporting\nsystem which shall provide the governor and the legislature with a\nsystematic method to evaluate the progress made by the department in\nachieving revenue targets. In order to ensure that the reporting system\nis made an integral part of the state fiscal plan, the following\nprocedure is hereby established for the development of the form and\ncontents of tax audit target reports and quarterly tax audit reports and\nfor the submission of such reports.\n 2. Annually, but no later than ninety days prior to the commencement\nof each fiscal year, the department shall submit to the governor, a tax\naudit target report for such fiscal year which cont
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§ 14-a. Tax audit reporting system. 1. The department of taxation and\nfinance shall establish and maintain a comprehensive tax audit reporting\nsystem which shall provide the governor and the legislature with a\nsystematic method to evaluate the progress made by the department in\nachieving revenue targets. In order to ensure that the reporting system\nis made an integral part of the state fiscal plan, the following\nprocedure is hereby established for the development of the form and\ncontents of tax audit target reports and quarterly tax audit reports and\nfor the submission of such reports.\n 2. Annually, but no later than ninety days prior to the commencement\nof each fiscal year, the department shall submit to the governor, a tax\naudit target report for such fiscal year which contains the following\ninformation for each general and special revenue fund tax, the cash\nreceipts of which during the last completed state fiscal year exceeded\nfifty million dollars: annual and quarterly numbers of audits to be\ncompleted, annual and quarterly dollar amounts of assessments and\ncollections expected, anticipated annual average assessments and average\ncollections per audit, and anticipated annual average assessments and\naverage collections per auditor for each such tax source. This data is\nto be provided differentiating between solely utilizing existing staff\nlevels and any proposed changes to such levels. Copies of such report\nshall be simultaneously furnished to the senate finance committee and\nthe assembly ways and means committee for their information.\n 3. In addition, after the tax audit target report for a fiscal year\nhas been submitted as required, the department shall submit quarterly to\nthe governor, within thirty days of the close of each quarter of the\nstate fiscal year to which such tax audit target report shall pertain, a\nquarterly tax audit report which summarizes the actual experiences to\ndate of assessments and collections for each tax source in forms\nsuitable for comparison with such target report. Such quarterly reports\nshall provide an explanation of the causes of any major deviation from\nthe targets set in such target report. Copies of such quarterly tax\naudit reports shall be simultaneously furnished to the senate finance\ncommittee and the assembly ways and means committee for their\ninformation.\n