HB 2703 — filing deadlines; taxable year 2018.

HB2703 - 541R - IH-Ways Ver&  Means-Adopted  Fifty-fourth Legislature                                                         First Regular Session                                                              REFERENCECOMMITTEE TITLE:ON WAYS & MEANS HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B.

filing2703 deadlines;(Reference to printed bill)   Page 1, between lines 11 and 12, insert:

taxable"Sec. year 2018.

 2.       State of Arizona House of Representatives Fifty-fourth Legislature First Regular Session       HB 2703   Introduced by Representatives Toma:

AllenTimes J,taxes Barto,are Biasiucci,payable; Blackman, Bolick, Campbell, Carroll, Cobb, Dunn, Finchem, Grantham, Griffin, Kavanagh, Kern, Lawrence, Osborne, Payne, Rivero, Roberts, Stringer, Thorpe     AN ACT   providing for filing deadlines for taxable year 2018.

 taxable  year (TEXT2018; OF BILL BEGINS ON NEXT PAGE)   Be it enacted by the Legislature of the State of Arizona:

Section 1.  Incomeinterest  taxA. return filing deadlines;

taxable year 2018 Notwithstanding any other law, for taxable year 2018:2018, the tax imposed under Title 43, Arizona Revised Statutes, shall be paid as follows:

1.  Returns1. made on the basis of the calendar year shall be filed on or before June 15, 2019.

2.  ReturnsIf the return is made on the basis of athe fiscalcalendar yearyear, shall be filed on or before theJune fifteenth15, day2019. of the sixth month following the close of the fiscal year.

3.  Partnership2. returns shall be filed on or before the fifteenth day of the fifth month following the close of the taxable year.

Sec. 2.  EmergencyIf Thisthe actreturn is anmade emergencyon measurethe thatbasis isof necessarya tofiscal preserveyear, on the publicfifteenth peace,day healthof orthe safetysixth andmonth isfollowing operativethe immediatelyclose asof providedthe byfiscal law.year, except that:

(a) For an S corporation, the tax imposed shall be paid on the fifteenth day of the fifth month following the close of the taxable year.

(b) For unrelated business taxable income of a tax-exempt organization, the tax imposed shall be paid on the fifteenth day of the seventh month following the close of the taxable year.

B.

Notwithstanding any other law, for taxable year 2018, if the tax, whether determined by the department or the taxpayer, or any portion of the tax is not paid on or before the date prescribed for its payment by subsection A of this section, the department of revenue shall collect, as part of the tax, interest on the unpaid amount at the rate determined pursuant to section 42-1123, Arizona Revised Statutes, from the date prescribed for its payment by subsection A of this section until it is paid." Renumber to conform Amend title to conform And, as so amended, it do pass 2703WAYS  MEANS 02/20/2019 12:45 PM H:

ra BEN TOMA CHAIRMAN