ARIZONA HOUSE OF REPRESENTATIVES

Fifty-sixth Legislature

Second Regular Session

House: WM DP 10-0-0-0

HB 2875: tax payments; electronic funds transfer

Sponsor: Representative Carbone, LD 25

House Engrossed

Overview

Deems a taxpayer's electronic payment as submitted when the taxpayer initiates payment with certification from the taxpayer's financial institution.

History

A taxpayer remitting a tax payment through an electronic funds transfer shall initiate the transfer so that the payment is deposited to the Department of Revenue's (DOR) account on or before the payment due date (Ariz. Admin. Code § R15-10-307).

Provisions

1.   ☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal NoteStates that a taxpayer's electronic payment is deemed submitted when the taxpayer initiates payment with confirmation from either:

a)   the DOR;

b)   the taxpayer's financial institution; or

c) a vender certified by the DOR. (Sec. 1)

2.   Allows the DOR, through December 31, 2024, to abate any late payment penalties to a taxpayer who provides reasonable evidence from the taxpayer's financial institution or the DOR of the successful and timely authorization of the taxpayer's electronic funds transfer under the amended changes. (Sec. 2)

3.   Exempts the DOR from rulemaking requirements for one year after the effective date of this legislation. (Sec. 3)

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7.                     HB 2875

8.   Initials VP/MG    Page 0 House Engrossed

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