ARIZONA
HOUSE OF REPRESENTATIVES
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HB2703: filing deadlines; taxable year 2018. |
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PRIME SPONSOR: Representative Toma, LD 22 BILL STATUS: Caucus & COW |
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Extends the income tax filing deadlines for
taxable year 2018 by two months.
History
Current law requires returns to be filed and taxes paid on April 15 following the close of the calendar year. Fiscal year tax returns must be filed by the 15th day of the 4th month following the close of the fiscal year. S corporation returns are due on the 15th day of the 3rd month following the close of the taxable year.
Provisions
1. Requires calendar year 2018 tax returns to be filed by June 15, 2019, instead of April 15, 2019. (Sec. 1)
2. Requires 2018 fiscal year returns to be filed by the 15th day of the of the 6th month following the close of the fiscal year, instead of the 15th day of the 4th month following the close of the fiscal year. (Sec. 1)
3. Requires 2018 partnership returns to be filed by the 15th day of the 5th month following the close of the taxable year, instead of the 15th day of the 3rd month following the close of the taxable year. (Sec. 1)
4.
Contains an emergency
clause. (Sec. 2)
Amendments
Ways & Means Committee
1. Requires calendar year 2018 taxes to be paid by June 15, 2019.
2. Requires fiscal year 2018 taxes to be paid by the 15th day of the 6th month following the close of the fiscal year.
3. Requires 2018 taxes of S corporations to be paid by the 15th day of the 5th month following the close of the taxable year.
4. Requires 2018 taxes on the unrelated business taxable income of tax-exempt organizations to be paid by the 15th day of the 7th month following the close of the taxable year.
5. Requires the Department of Revenue to collect any taxes that are not paid by the above payment dates, including any interest on the unpaid amount.
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Fifty-fourth Legislature HB 2703
First Regular Session Version 1: CaucusCOW
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