The Alabama House has been debating SB 201 sponsored by Senator Quinton Ross for the past 45 minutes.
The bill would regulate individual income tax preparers and require those who provide such services to register with a State Board of Individual Income Tax Preparers.
Proponents argue that this bill will protect consumers seeking assistance from income tax preparers by ensuring that persons providing those services have a basic knowledge of the tax code as well as requiring continuing education courses.
Representative Tammy Irons stated that lower-income families often miss out on the earned income tax credit because of tax preparers’ lack of knowledge. She further elaborated that Alabamians leave some $133 million a year of unclaimed monies from the earned income tax credit.