Senate Bill 1290 - Summary

• Updates Arizona's internal revenue code reference from January 1, 2016 to January 1, 2017, including retroactive provisions from the Appreciation for Olympians and Paralympians Act of 2016 (P.L. 114-239).

• Adds new subsection A to section 43-105 defining the internal revenue code effective date for taxable years beginning after December 31, 2016, and renumbers subsequent subsections accordingly.

• Modifies section 43-306 to allow partnerships with no Arizona income, deductions, or credits to be exempt from filing partnership returns for that taxable year.

• Changes the employer annual withholding return filing deadline from February 28 to January 31 in section 43-412.

• Modifies section 43-413 to extend the deadline for furnishing employee withholding statements from thirty days to thirty-one days after the end of the calendar year.