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AR SB503
Bill
Status
4/14/2025
Primary Sponsor
Steve Crowell
Click for details
AI Summary
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Lowers the employee threshold for mandatory electronic filing of annual income tax withholding statements from 125 employees to 75 employees
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Requires employers who must file annual withholding statements electronically to also file their withholding returns electronically
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Requires third-party payroll service companies to file withholding returns electronically if the employer they represent meets the electronic filing threshold
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Allows the secretary to waive electronic filing requirements upon application if an employer demonstrates undue hardship
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Effective dates: electronic withholding return requirements begin January 1, 2026; reduced employee threshold begins January 1, 2025
Legislative Description
To Reduce The Number Of Employees An Employer Must Have To Be Mandated To File An Annual Income Tax Withholding Statement Electronically; And To Require The Electronic Filing Of A Withholding Return For Certain Employers.
Last Action
Notification that SB503 is now Act 616
4/14/2025