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Agenda Item 15AGENDA ITEM SUMMARY June 2, 2015City Councils ITEM HAS BEEN WITHDRAWN AND MOVED TO JULY 7, 2015, STAFF Jon Hackneys, Water ENG Field Operations Mgr Ken Sample, Stormwater/Floodplain
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IGA Exhibit B is a form used by Intergovernmental Agreements (IGAs) to report information related to the exchange of financial account information.
Financial institutions that are party to an Intergovernmental Agreement (IGA) are required to file IGA Exhibit B.
IGA Exhibit B can be filled out electronically on the Department of Treasury's website or through the IGA portal provided by the respective government authority.
The purpose of IGA Exhibit B is to facilitate the automatic exchange of financial account information between tax authorities to help combat tax evasion.
IGA Exhibit B requires reporting of information such as the financial institution's name, address, jurisdiction, and details of the financial accounts held.
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