Businesses such as bars, restaurants, and salons that were required to temporarily close under this week’s Executive Order will have an extra month to remit February’s sales tax collections. Instead of being due March 20, these businesses now have until April 20 to make the payment, although returns must still be filed by March 20. This only applies for monthly filers and only for the March 20 payment.
Identified businesses can request additional relief from penalties and interest for good cause after April 20. More information may be found on the Department’s website.
Lawmakers are aware there are other tax-related issues, such as upcoming property tax deadlines, that may burden businesses should the closures be prolonged. Legislators are currently working with the Department of Revenue and business groups on potential legislation that could be passed when the Legislature reconvenes. Contact your senator if you are an impacted business and have ideas.