MO HB1224

Repeals and reenacts Section 143.221, RSMo, regarding employer withholding tax return requirements and payment schedules.

Changes the annual withholding return threshold from $20 to $100 in each of the four preceding quarters for employers not meeting quarterly or monthly filing requirements.

Maintains quarterly filing requirement for all employers, with monthly filing required when aggregate withholding exceeds $50 for at least two of the preceding twelve months, with due dates of the 15th for the first two months of each quarter and the last day of the month for the quarter-ending month.

Allows the director of revenue to adjust the $50 monthly threshold and $100 annual threshold amounts by regulation, with minimums of $50 and $100 respectively.

Retains authority for the director of revenue to require immediate payment or returns if tax collection may be jeopardized or if a tax lien is outstanding.