MO HB105

Increases the threshold for annual withholding tax returns from $20 to $100 in each of the four preceding quarters for small employers.

Employers with aggregate withholding amounts exceeding $50 for at least two of the preceding twelve months may be required by the director of revenue to file monthly returns instead of quarterly returns.

Monthly returns and payments are due by the 15th day of the succeeding month for the first two months of each quarter, and by the last day of the succeeding month for the last month of each quarter.

Quarterly returns remain due on or before the last day of the month following the close of each calendar quarter.

The director of revenue may adjust the dollar thresholds for monthly ($50 minimum) and annual ($100 minimum) reporting requirements through regulation.