HB 502 Allows employers to file withholdings taxes on an annual basis when the aggregate amount withheld in each of the previous four quarters is less than $100

Current Bill Summary

- Prepared by Senate Research -


SCS/HB 502 - Currently, an employer is allowed to file an annual withholding tax return instead of four quarterly returns when the aggregate amount withheld is less than $20 in each of the four preceding quarters. The act changes the amount to less than $100 in each of the four preceding quarters if the employer is not otherwise required to file a withholding return on a quarterly or monthly basis.

This provision is similar to HB 1224 (2014) and HB 105 (2013). This provision is similar to a provision in HCS/SS/SCS/SB 115 (2015), the perfected version of HB 1174 (2014), CCS/HCS/SS/SB 860 (2014), CCS/HCS/SB 584 (2014), the perfected version of HCS/HBs 1253 & 1297 (2014), the perfected version of HCS/HB 1295 (2014), HB 2073 (2014), and the perfected version of HB 253 (2013).

MIKE HAMMANN


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