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IN SB0243
Bill
AI Summary
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Increases penalties for failing to remit withheld employee wages to the Department of State Revenue, with escalating rates of 40% for the first occurrence, 90% for the second, and 190% for the third occurrence.
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Requires the Department of State Revenue to report persons who fail to remit wage withholdings for a third time to state agencies and the Secretary of State.
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Authorizes state agencies and the Secretary of State to treat repeat violators as being on a tax warrant list and commence administrative actions to impose penalties or revoke licenses and privileges.
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Authorizes the Secretary of State to refuse certificates of good standing and reject filings for persons with three failures to remit wage withholdings.
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Increases fraud-related penalties for failure to remit withheld employee wages from 100% to 300% of the amount owed.
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Effective July 1, 2016.
Legislative Description
Failure to remit wage withholdings. Increases the penalties for failing to remit to the department of state revenue amounts withheld from employees' wages that are held in trust for the state. Requires the department of state revenue to report to various state agencies and the secretary of state that a person has failed to remit withholdings for a third time. Authorizes these state agencies and the secretary of state to treat such a person as being on a tax warrant list and to commence an administrative action to impose a penalty or revoke a license or privilege held by such
Last Action
First reading: referred to Committee on Tax & Fiscal Policy
1/7/2016