ARIZONA HOUSE OF REPRESENTATIVES

SB1481: filing deadlines; taxable year 2018

PRIME SPONSOR: Senator Mesnard, LD 17

BILL STATUS: Ways & Means

Overview

Extends, for taxable year (TY) 2018, the income tax filing deadlines, the payment due dates and the contribution date for certain tax credits.

History

Current statute requires calendar year (CY) tax returns to be filed by April 15 following the close of the CY. Fiscal year (FY) returns must be filed by the 15^th day of the 4^th month following the close of the FY. Partnership returns must be filed by the 15^th day of the 3^rd month following the close of the TY.

CY taxes must be paid by April 15 following the close of the CY. FY taxes must be paid by the 15^th day of the 4^th month following the close of the FY. Taxes of S corporations must be paid by the 15^th day of the 3^rd month following the close of the TY. Taxes on the unrelated business taxable income (UBTI) of a tax-exempt organization must be paid by the 15^th day of the 5^th month following the close of the TY.

Current statute requires that contributions to qualifying charitable organizations, school tuition organizations and public school fees be made by the 15^th day of the 4^th month to allow for a credit to apply to either the current or preceding TY.

Provisions

1. Requires CY2018 tax returns to be filed and paid by June 15, 2019. (Sec. 1 and 2)

2. Requires FY2018 tax returns to be filed and paid by the 15^th day of the 6^th month following the close of the FY. (Sec. 1 and 2)

3. Requires 2018 partnership returns to be filed by the 15^th day of the 5^th month following the close of the TY. (Sec. 1)

4. Requires 2018 taxes of S corporations to be filed and paid by the 15^th day of the 5th month following the close of the TY. (Sec. 1 and 2)

5. Requires 2018 taxes on the UBTI of tax-exempt organizations to be filed and paid by the 15^th day of the 7^th month following the close of the TY. (Sec. 1 and 2)

6. Requires the Department of Revenue to collect any taxes that are not paid by the above payment dates, including the applicable interest.

7. Allows contributions to qualifying charitable organizations, school tuition organizations and public school fees be made by the 15^th day of the 6^th month to allow for a credit to apply to either the current or preceding TY.

8. Contains an emergency clause.

9.

10.

11. ---------- DOCUMENT FOOTER ---------

12. Fifty-fourth Legislature                       SB 1481

13. First Regular Session                            Version 1: Ways & Means

14.

15. ---------- DOCUMENT FOOTER ---------