An Act providing for settlements of tax liability

This bill establishes a new process for taxpayers to settle past state tax debts through binding agreements with the tax commissioner. It allows settlements when there's doubt about the tax amount owed, doubt about the taxpayer's ability to pay, or for fair tax administration reasons - provided the taxpayer is current on all tax filings. Taxpayers must pay 10% upfront for lump-sum offers (paid in 5 or fewer installments) or the first installment for periodic payment plans, and must maintain 3 years of future compliance. Large settlements over $50,000 require Attorney General review, and rejected offers trigger independent administrative review before notification to the taxpayer.