SB1429

Missouri SB1429 modifies withholding tax return requirements, including electronic filing for large employers.

Missouri SB1429 repeals and replaces existing provisions for withholding tax returns. It mandates that the director of revenue can require returns from individuals or entities making payments of $1,200 or more annually, or $100 or more in interest or dividends, to those subject to state income tax. The bill specifies that returns must be filed by February 28 each year. It also requires large employers, defined by federal standards, to submit withholding tax returns electronically by January 31 using the same specifications as Social Security Administration filings.