N.Y. State Finance Law § 14-a: Tax audit reporting system

§ 14-a. Tax audit reporting system. 1. The department of taxation and

finance shall establish and maintain a comprehensive tax audit reporting

system which shall provide the governor and the legislature with a

systematic method to evaluate the progress made by the department in

achieving revenue targets. In order to ensure that the reporting system

is made an integral part of the state fiscal plan, the following

procedure is hereby established for the development of the form and

contents of tax audit target reports and quarterly tax audit reports and

for the submission of such reports.

2. Annually, but no later than ninety days prior to the commencement

of each fiscal year, the department shall submit to the governor, a tax

audit target report for such fiscal year which contains the following

information for each general and special revenue fund tax, the cash

receipts of which during the last completed state fiscal year exceeded

fifty million dollars: annual and quarterly numbers of audits to be

completed, annual and quarterly dollar amounts of assessments and

collections expected, anticipated annual average assessments and average

collections per audit, and anticipated annual average assessments and

average collections per auditor for each such tax source. This data is

to be provided differentiating between solely utilizing existing staff

levels and any proposed changes to such levels. Copies of such report

shall be simultaneously furnished to the senate finance committee and

the assembly ways and means committee for their information.

3. In addition, after the tax audit target report for a fiscal year

has been submitted as required, the department shall submit quarterly to

the governor, within thirty days of the close of each quarter of the

state fiscal year to which such tax audit target report shall pertain, a

quarterly tax audit report which summarizes the actual experiences to

date of assessments and collections for each tax source in forms

suitable for comparison with such target report. Such quarterly reports

shall provide an explanation of the causes of any major deviation from

the targets set in such target report. Copies of such quarterly tax

audit reports shall be simultaneously furnished to the senate finance

committee and the assembly ways and means committee for their

information.