Bill > SB1429

This bill modifies provisions related to withholding tax returns by updating requirements for filing annual tax information returns. Specifically, the bill changes the date for electronic filing of wage withholding returns from 2018 to 2026 and adjusts the employee threshold for mandatory electronic submission. Instead of requiring employers with at least 250 employees to file electronically, the bill now references a federal standard (26 C.F.R. 301.6011-2) to determine the employee threshold. The bill maintains existing requirements that returns must be filed by February 28th each year for payments of $1,200 or more (or $100 for interest/dividends), and continues to require that such returns mirror information submitted to the Internal Revenue Service. Additionally, the bill preserves a provision that allows employers who have been granted a federal waiver from electronic filing to automatically receive a waiver from the state's electronic filing requirement by submitting a copy of their approved federal waiver to the director of revenue.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=19769