State: Virginia
The legislation: HB 183 (2018) SB 271 (2018)
What’s required by Virginia’s HB 183 and SB 271?
- Any income tax preparer in Virginia has to notify the VA Department of Taxation of a cyber security breach
- Notification is triggered by when the tax preparer discovers the breach and must be done without unreasonable delay
Is there a cost savings according to the bill’s author? Yes, the state will save $300,000 a year because the state Department of Taxation won’t be issuing refunds to fake tax returns filed by hackers