TAX PREPARERS-REGULATION

Creates the Tax Consultant and Tax Preparer Licensure Act. Provides that tax consultants must be licensed by the Department of Revenue. Provides that a person may not prepare or advise or assist in the preparation of personal income tax returns for another for valuable consideration, or represent that the person is so engaged, unless the person is licensed as a tax consultant. Provides that a tax preparer may prepare or advise or assist in the preparation of tax returns only under the supervision of a licensed tax consultant, and provides that those tax preparers must also be licensed by the Department of Revenue. Contains provisions concerning fees, suspension or revocation of licenses, and prohibited activities. Contains provisions concerning refund anticipation loans. Effective immediately.