HI SB1007

Changes the frequency of withholding tax return filings from monthly to quarterly for all employers, with returns due on or before the fifteenth day of the calendar month following the close of each quarter.

Maintains existing payment schedules: employers with annual withholding liability exceeding $40,000 must remit taxes semi-weekly, and those with liability between $5,000 and $40,000 must remit monthly.

Adds new subsection (g) defining "monthly schedule" as payment due on or before the fifteenth day of the calendar month following the month in which taxes were withheld.

Removes the director's previous discretionary authority to allow employers with annual liability not exceeding $5,000 to file quarterly returns and payments.

Takes effect on January 1, 2018.