FILING REQUIREMENTS (Section 143.221)

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 monthly basis.

This provision is similar to HB 502 (2015).

ELECTRONIC FILING (Section 143.591)

Beginning January 1, 2018, this act requires employers with at least 250 employees to file their Form W-2s electronically to the state unless granted a waiver for the federal requirement to file electronically by the Internal Revenue Service.

This provision is identical to SCS/SB 950 (2016) & HCS/HB 2108 (2016).

DOMENIC SITA