PROPOSED
HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B. 2064
(Reference to printed bill)
Page 1, line 32, strike "but"
Strike line 33, insert "and including those provisions of the united states appreciation for olympians and paralympians act of 2016 (p.l. 114-762) that are retroactively effective during taxable years beginning from and after december 31, 2015 through december 31, 2016."
Page 5, after line 20, insert:
"Sec 3. Section 43-306, Arizona Revised Statutes, is amended to read:
43-306. Partnership returns
A. Every partnership, except as provided in subsections b and c, shall make a return for each taxable year, stating the taxable income computed in accordance with subtitle A, chapter 1, subchapter K of the internal revenue code and any adjustments required pursuant to chapter 14 of this title. The return shall include the names and addresses of the individuals, whether residents or nonresidents, who would be entitled to share in the taxable income if distributed and the amount of the distributive share of each individual. The allocation and apportionment of income of a partnership which has nonresident partners shall be made pursuant to chapter 11, article 4 of this title. The return shall contain or be verified by a written declaration that it is made under the penalties of perjury and signed by one of the partners.
B. An out-of-state partnership that is temporarily in this state and whose only income in this state is from performing disaster recovery from a declared disaster during a disaster period as defined in section 42‑1130 is not required to file a partnership return in this state.
C. a partnership that has no arizona income, deductions or credits for a taxable year is not required to file a partnership return for that year.
Sec. 4. Section 43-412, Arizona Revised Statutes, is amended to read:
43-412. Returns of withholding to be filed with department
A. Every employer at the time of filing a reconciliation pursuant to section 43‑401, subsection C shall deliver to the department a return in the form prescribed by the department showing the total amount of wages, salaries, bonuses or other emoluments paid to employees, the amount deducted pursuant to this chapter and such other information as the department may require. The employer shall advise the employee of the amount of monies withheld, in accordance with such rules as the department may prescribe, using printed forms furnished by the department for such purposes or, when requested by the employer, on forms approved by the department.
B. The employer shall make an annual return for the calendar year to the department on forms provided by it summarizing the total compensation paid and the tax withheld for each employee during the calendar year and shall file such return with the department on or before February 28 january 31 of the year following the year for which the report is made. The department may extend the filing deadline on a showing of good cause by the employer. The return required by this section shall contain or be verified by a written declaration that it is made under the penalties of perjury.
Sec. 5. Section 43-413, Arizona Revised Statutes, is amended to read:
43-413. Statement of withholding to employees
The employer shall, within thirty thirty-one days after the end of each calendar year, furnish each employee with either a statement of the amount withheld during the previous tax year, showing the gross earnings and the amount of tax withheld or, if the termination of employment is prior to the end of the year, within fifteen days after the termination of employment, a summary statement showing the total earnings for the tax year and the amount of taxes withheld from compensation."
Amend title to conform