JEFFERSON CITY — State Sen. Lincoln Hough, R-Springfield, has introduced a measure that would make paying state taxes a little easier. Senate Bill 510 seeks to extend the deadline for the remittance of certain tax liabilities.
“We are dealing with the Department of Revenue (DOR) and information that changes on a day-to-day basis,” Sen. Hough said. “This would allow people who owe the state unexpected income taxes to have a grace period and use a payment plan. This way, the people who have filed their state taxes on time would have up to six months to make payments to DOR.”
Under SB 510, a taxpayer remitting tax under a payment plan would not be subject to any penalties or interest on the income tax paid under the payment plan. Any amount of tax not paid by Oct. 15, 2019, would be subject to the penalties and interest. Senate Bill 510 would only cover those taxes paid for 2018.
“I want to look out for the well-being of everyone in this state,” Sen. Hough said. “I believe this is a small gesture that moves in the right direction to show that we understand the financial situation some people find themselves in.”
To learn more about Sen. Hough and his legislation, please visit senate.mo.gov/hough.