NEW PENALTY FOR FAILURE TO REMIT PAYMENT ELECTRONICALLY

IMPORTANT NOTICE

NEW PENALTY FOR FAILURE TO REMIT PAYMENT ELECTRONICALLY

Effective March 1, 2011:  Arizona Revised Statute 42-1129 required a taxpayer to remit payment by Electronic Funds Transfer (EFT).  A taxpayer who is required to make payment by EFT but who fails to do so is subject to a penalty of five per cent prescribed by ARS 42-1125.O.  For more information, see Requirement to Remit Payment by EFT under Frequently Asked Questions (FAQS).