HB 5744 Summary

• Amends the Income Tax Act of 1967 to modify section 705 regarding tax withholding administration and enforcement provisions.

• Allows persons imposing city income tax under the City Income Tax Act of 1964 to temporarily suspend remitting withholding payments to the state without penalties and interest through July 31, 2020.

• Requires all suspended withholding payments to be remitted to the department by August 15, 2020, with penalties and interest beginning to accrue on August 16, 2020 for any remaining unpaid balances.

• Maintains existing department authority to require alternative withholding payment schedules, separate trust accounts, or other deposit arrangements to ensure tax compliance and efficient administration.