Outside Section 32

1099-K Notifications 1

SECTION 32. Section 8 of chapter 62C , as so appearing, is hereby amended by striking out, in lines 9 and 10, the words "and state in such report" and inserting in place thereof the following words:- provided, however, that the commissioner may require additional reporting requirements that differ from those required by the federal government under the Code. Such report shall state.



Summary:
This section and the following section enable the Department of Revenue to implement new criteria for 1099-K notifications, allowing the Commissioner discretion to require reporting using criteria that may not match the federal criteria.