Internal Revenue Code:Sec. 6050E. State and local income tax refunds

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Location in Internal Revenue Code

     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle F - Procedure and Administration
       CHAPTER 61 - INFORMATION AND RETURNS
        Subchapter A - Returns and Records
         PART III - INFORMATION RETURNS
          Subpart B - Information Concerning Transactions With Other Persons
        

Statute

    Sec. 6050E. State and local income tax refunds
 
    (a) Requirement of reporting
      Every person who, with respect to any individual, during any
    calendar year makes payments of refunds of State or local income
    taxes (or allows credits or offsets with respect to such taxes)
    aggregating $10 or more shall make a return according to forms or
    regulations prescribed by the Secretary setting forth the aggregate
    amount of such payments, credits, or offsets, and the name and
    address of the individual with respect to whom such payment,
    credit, or offset was made.
    (b) Statements to be furnished to individuals with respect to whom
        information is required
      Every person required to make a return under subsection (a) shall
    furnish to each individual whose name is required to be set forth
    in such return a written statement showing -
        (1) the name of the State or political subdivision thereof, and
        (2) the information required to be shown on the return with
      respect to refunds, credits, and offsets to the individual.
    The written statement required under the preceding sentence shall
    be furnished to the individual during January of the calendar year
    following the calendar year for which the return under subsection
    (a) was required to be made.  No statement shall be required under
    this subsection with respect to any individual if it is determined
    (in the manner provided by regulations) that such individual did
    not claim itemized deductions under chapter 1 for the taxable year
    giving rise to the refund, credit, or offset.
    (c) Person defined
      For purposes of this section, the term ''person'' means the
    officer or employee having control of the payment of the refunds
    (or the allowance of the credits or offsets) or the person
    appropriately designated for purposes of this section.
 

Sources

    (Added Pub. L. 97-248, title III, Sec. 313(a), Sept. 3, 1982, 96
    Stat. 603; amended Pub. L. 98-369, div.  A, title I, Sec. 151(a),
    July 18, 1984, 98 Stat. 690; Pub. L. 99-514, title XV, Sec.
    1501(c)(8), Oct. 22, 1986, 100 Stat. 2738.)
 

Miscellaneous

                                 AMENDMENTS
      1986 - Subsec. (b). Pub. L. 99-514, in amending subsec. (b)
    generally, substituted ''information is required'' for
    ''information is furnished'' in heading and, in text, substituted
    references to persons required to make a return for former
    references to persons making a return and references to persons
    whose name is required to be set forth for former references to
    persons whose name is set forth.
      1984 - Subsec. (b). Pub. L. 98-369 inserted provision that no
    statement is required under this subsection with respect to any
    individual if it is determined (in the manner provided by
    regulations) that such individual did not claim itemized deductions
    under chapter 1 for the taxable year giving rise to the refund,
    credit, or offset.
                      EFFECTIVE DATE OF 1986 AMENDMENT
      Amendment by Pub. L. 99-514 applicable to returns the due date
    for which (determined without regard to extensions) is after Dec.
    31, 1986, see section 1501(e) of Pub. L. 99-514, set out as an
    Effective Date note under section 6721 of this title.
                      EFFECTIVE DATE OF 1984 AMENDMENT
      Section 151(b) of Pub. L. 98-369 provided that: ''The amendment
    made by subsection (a) (amending this section) shall apply to
    payments of refunds, and credits and offsets made, after December
    31, 1982.''
                               EFFECTIVE DATE
      Section 313(c) of Pub. L. 97-248 provided that: ''The amendments
    made by this section (enacting this section) shall apply to
    payments of refunds, and credits and offsets made, after December
    31, 1982.''