Section 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.