| 1 | Representative Fresen offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Remove lines 852-883 and insert: |
| 5 | (3) The department may enter into agreements to operate an |
| 6 | automated data exchange with financial institutions having |
| 7 | deposits that do not exceed $50 million. The department shall |
| 8 | use the information received pursuant to this section only for |
| 9 | the purpose of enforcing the collection of taxes and fees |
| 10 | administered by the department. |
| 11 | (4) The department shall, to the extent possible and in |
| 12 | compliance with state and federal law, administer this section |
| 13 | in conjunction with s. 409.25657 in order to avoid duplication |
| 14 | and reduce the burden on financial institutions. |
| 15 | (5) The department shall pay a reasonable fee to the |
| 16 | financial institution for conducting the data match provided for |
| 17 | in this section, which may not exceed actual costs incurred by |
| 18 | the financial institution. |
| 19 | (6) A financial institution is not required to provide |
| 20 | notice to its customers and is not liable to any person for: |
| 21 | (a) Disclosure to the department of any information |
| 22 | required under this section. |
| 23 | (b) Encumbering or surrendering any assets held by the |
| 24 | financial institution in response to a notice of lien or levy |
| 25 | issued by the department. |
| 26 | (c) Disclosing any information in connection with a data |
| 27 | match. |
| 28 | (d) Taking any other action in good faith to comply with |
| 29 | the requirements of this section. |
| 30 | (7) Any financial records obtained pursuant to this |
| 31 | section may be disclosed only for the purpose of, and to the |
| 32 | extent necessary, to administer and enforce the tax laws of this |
| 33 | state. |
| 34 | (8) The department may adopt rules establishing the |
| 35 | procedures and requirements for conducting automated data |
| 36 | matches with financial institutions pursuant to this section. |
| 37 |
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| 38 |
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| 39 | ----------------------------------------------------- |
| 40 | T I T L E A M E N D M E N T |
| 41 | Remove lines 79-80 |
| 42 |
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