Bill Text: AZ SB1481 | 2019 | Fifty-fourth Legislature 1st Regular | Engrossed


Bill Title: Filing deadlines; taxable year 2018

Spectrum: Partisan Bill (Republican 7-0)

Status: (Engrossed) 2019-03-21 - House Committee of the Whole action: Do Pass [SB1481 Detail]

Download: Arizona-2019-SB1481-Engrossed.html

 

 

 

Senate Engrossed

 

 

 

 

State of Arizona

Senate

Fifty-fourth Legislature

First Regular Session

2019

 

 

 

SENATE BILL 1481

 

 

 

AN ACT

 

providing for filing deadlines for taxable year 2018.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 


Be it enacted by the Legislature of the State of Arizona:

Section 1.  Income tax return filing deadlines; taxable year 2018

Notwithstanding any other law, for taxable year 2018:

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

2.  Returns made on the basis of a fiscal year shall be filed on or before the fifteenth day of the sixth month following the close of the fiscal year.

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

4.  S corporation returns shall be filed on or before the fifteenth day of the fifth month following the close of the taxable year.

5.  Returns for unrelated business taxable income of a tax‑exempt organization shall be filed on or before the fifteenth day of the seventh month after the close of the taxable year.

Sec. 2.  Times taxes are payable; taxable year 2018; interest

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

1.  If the return is made on the basis of the calendar year, on or before June 15, 2019.

2.  If the return is made on the basis of a fiscal year, on or before the fifteenth day of the sixth month following the close of the fiscal year, except that:

(a)  For an S corporation, the tax imposed shall be paid on or before 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.

Sec. 3.  Contributions for certain tax credits; 2018-2019 taxable year

Notwithstanding any other law, for taxable year 2018, a contribution for which a credit is claimed under section 43‑1088, 43‑1089, 43‑1089.01 or 43‑1098.03, Arizona Revised Statutes, and that is made on or before the fifteenth day of the sixth month following the close of the taxable year may be applied to either the 2019 taxable year or the 2018 taxable year and is considered to have been made on the last day of that taxable year.

Sec. 4.  Emergency

This act is an emergency measure that is necessary to preserve the public peace, health or safety and is operative immediately as provided by law.

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