Arizona HB2016 amends tax penalties for late filing and non-compliance.

Arizona HB2016 amends tax penalties for late filing and non-compliance. It introduces a penalty for taxpayers who fail to file a return on or before the due date, with the penalty being 25% of the tax or $100, whichever is greater. It also imposes a penalty of 1.5% of the tax per month for late payment, up to a maximum of 25%. The bill includes provisions for penalties related to electronic funds transfer failures, false or fraudulent returns, and failure to provide taxpayer identification numbers.

Arizona HB2016 amends tax penalties for late filing and non-compliance.

Arizona HB2016 amends tax penalties for late filing and non-compliance. It introduces a penalty for taxpayers who fail to file a return on or before the due date, with the penalty being 25% of the tax or $100, whichever is greater. It also imposes a penalty of 1.5% of the tax per month for late payment, up to a maximum of 25%. The bill includes provisions for penalties related to electronic funds transfer failures, false or fraudulent returns, and failure to provide taxpayer identification numbers.