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ID H0352
Bill
Status
3/1/2016
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Changes the deadline for employer withholding tax return filing from the last day of the second month following the end of the period to the last day of the first month following the end of the period.
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Adds a five (5) business day period for employers required to file returns on electronic means to correct errors in the electronic file received by the due date.
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Applies the revised filing deadline and error correction period to employers who must file returns on magnetic media, machine readable form, or electronic means as defined in the Idaho uniform electronic transactions act.
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Maintains existing requirements for monthly withholding payments on or before the 20th of the succeeding month and semi-monthly payments for large employers with annual withholding of $240,000 or more.
Legislative Description
Amends existing law to revise the deadline by which an employer must report certain information to the State Tax Commission and to provide a time period for employers to correct any errors in an electronic filing.
INCOME TAX
Last Action
Reported Signed by Governor on March 1, 2016 Session Law Chapter 31 Effective: 07/01/2016
3/1/2016