Revenue identification contracts approved

The state Department of Revenue is authorized to contract with businesses to identify uncollected revenue under a bill passed by the Legislature May 23.

LB642, introduced by Bellevue Sen. Abbie Cornett, allows the department to use revenues identified by such businesses for fees associated with revenue identification services. Ten percent of revenues collected as a result of the revenue identification contracts will be deposited in the Department of Revenue Enforcement Fund for purposes of identifying nonfilers, underreporters,
nonpayers and improper or fraudulent payments.

Lawmakers approved LB642 on a 37-4 vote.