The Taxpayer Protection Act
To combat the growing threats posed by tax fraud and identity theft to Marylanders' financial security and well-being, Comptroller Peter Franchot introduced House Bill 162 - the Taxpayer Protection Act. On March 21, 2016, the House of Delegates overwhelmingly passed the bill with a vote of 135-1. The Comptroller's bill is now in the State Senate for that body's consideration.
The bill provides greater statutory powers for the Comptroller's Office to more effectively investigate and prosecute financial predators, and keep pace with the fraudsters and identity thieves -- who are becoming more brazen and sophisticated every day. The legislation has garnered bipartisan support and endorsements from several stakeholders, including the Maryland Association of Certified Public Accountants.
Here's a graphical summary of the provisions of the bill:
To read the full text of the bill, please click below.