What is the Department of Taxation?
The Department of Taxation is a branch of state government that exists within each of the 50 United States. This branch – to which can also be referred as the Department of Finance – is primarily responsible for the management, regulation, and enforcement of all legislature with regard to financial code and monetary administration; this can include a variety of taxes, debt management, collections, accounting, and auditing procedures. The state Department of Taxation is not synonymous with the Internal Revenue Service (IRS), which is responsible for the regulation of taxes and monetary procedure on a nationwide level.
Department of Taxation Duties
Although the respective duties of each of the 50 Departments of Taxation vary respectively, the primary functions of each of these departments ensures that all monetary regulation, financial management, and fiscal legislature are in compliance with state legislature: