The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
15-1222 - Bank account; employee income tax; withholdings
15-1222. Bank account; employee income tax; withholdings
A. The governing board of a school district may establish a bank account for the purpose of depositing the monies it withholds for each employee for application toward the employee's state income tax liability until the governing board must pay the monies to the department of revenue as provided in section 43-401. The governing board may make disbursements from the bank account only by check payable to the department of revenue. The bank account may be interest-bearing, and the governing board shall transfer any interest at the end of the fiscal year to the county treasurer for credit to the maintenance and operation fund of the school district.
B. The auditor general in conjunction with the state board of education shall prescribe the procedures for accounting for the monies withheld pursuant to this section in the uniform system of financial records.