DE HB352

Removes the March 1 deadline for filing magnetic media information returns with Delaware's Division of Revenue and replaces it with the federal Internal Revenue Service filing deadline.

Aligns Delaware's information return filing requirements (W-2 and 1099 forms) with federal deadlines established by the Internal Revenue Code.

Effective for information returns required to be filed after December 31, 2016, conforming to the IRS's January 31 deadline for W-2 aggregated data.

Aims to combat identity theft and taxpayer fraud by enabling Delaware to receive employer data earlier and cross-reference it with filed tax returns.

Eliminates administrative burden on employers already complying with new federal filing deadlines by conforming state requirements to federal standards.