HB 5717 Summary

• Adds Section 301a to the Income Tax Act of 1967 to automatically extend the filing deadline for annual returns due April 15 or April 30, 2020 (for tax year 2019) and estimated tax installments due April 15 or June 15, 2020 (for tax year 2020) until July 15 or July 31, 2020.

• Adds Section 681a to provide the same automatic extension for annual returns due April 30, 2020 (for tax year 2019) and quarterly estimated tax returns due April 15, 2020 (for tax year 2020) until July 15 or July 31, 2020.

• Waives all interest and penalties during the extension period for affected taxpayers in both sections.

• Ties the enactment to Senate Bill No. ____ or House Bill No. 5718, meaning this bill only takes effect if one of those companion bills is also enacted into law.

• References Executive Order No. 2020-26 as the basis for these automatic extensions related to 2020 tax filings.