(a)      In this section, "taxing official" means:

            (1)      as to the federal government:

                  (i)      any official of the United States Treasury Department; or

                  (ii)      any collector of federal taxes; and

            (2)      as to the government of any state, any state official who is responsible under the law of that state for:

                  (i)      the assessment process;

                  (ii)      the imposition of taxes; or

                  (iii)      the collection of taxes.

      (b)      (1)      Subject to subsection (c) of this section and notwithstanding any other provision of law, the Department may provide a tax official of another state or of the federal government with information that relates to:

                  (i)      the assessment process;

                  (ii)      the imposition of taxes;

                  (iii)      the collection of taxes; or

                  (iv)      any other tax matter.

            (2)      The information that the Department may provide under this section may be obtained from:

                  (i)      any tax report or return that is filed under law; or

                  (ii)      any tax audit or investigation.

      (c)      The Department may provide information under this section only if:

            (1)      the Department is satisfied that the information will be used for tax purposes only; and

            (2)      the federal or state government to which the information is to be released provides similar information to the tax officials of this State.