BILL ANALYSIS Ó SB 484 Page 1 Date of Hearing: August 14, 2013 ASSEMBLY COMMITTEE ON APPROPRIATIONS Mike Gatto, Chair SB 484 (Wyland) - As Amended: May 6, 2013 Policy Committee: Business and Professions Vote: 10 - 2 Urgency: No State Mandated Local Program: No Reimbursable: SUMMARY This bill revises the composition of the California Tax Education Council (CTEC), authorizes the CTEC to deny, suspend or revoke a tax preparer registration for specified violations, and makes other related changes to the law relating to tax preparers. FISCAL EFFECT Costs associated with this legislation should be minor and absorbable within existing resources. COMMENTS 1)Purpose . Currently, CTEC does not have the authority to discipline a registered tax preparer if they are convicted of fraud or similar criminal offenses related to their profession. While CTEC has the discretion to change a tax preparer's registration status if they do not pay their annual fees or complete their education requirements, it does not have the ability to discipline or revoke the registration of preparers guilty of unprofessional conduct or convicted of criminal offenses related to the scope of their profession. This bill would provide the CTEC with the authority to revoke, suspend or deny a tax preparer's registration under specified circumstances. 2)Background . California law requires anyone who prepares tax returns for a fee and is not an exempt preparer to register as a tax preparer with the CTEC. Exempt preparers are certified public accountants, enrolled agents, attorneys who are members SB 484 Page 2 of the State Bar of California, and certain specified banking or trust officials. CTEC is a nonprofit corporation that serves to register and oversee professional tax preparers in California. Certified tax preparers must be officially registered with the CTEC, which consists of an application, annual fee, payment of a bond, and completion of education requirements. Tax preparers are permitted to file individual tax forms for consumers and are required to use their CTEC tax preparer identification number when doing so. There are nearly 40,000 registered tax preparers in California, and the CTEC provides information regarding which tax preparers are registered and legally permitted to prepare taxes. Consumers are able to confirm via the CTEC that their tax preparer is registered. Analysis Prepared by : Julie Salley-Gray / APPR. / (916) 319-2081