(a) (1) Upon written request and for good cause, the director may grant a reasonable extension of time to file any return required under any state tax law.
(2) The director shall keep a record of every extension granted with the reason the extension was granted.
(3) Except for a corporation income tax return as provided in § 26-51-807(c), the time for filing any return shall not be extended more than one hundred eighty (180) days.
(4) The director may promulgate regulations to grant automatic extensions of time to file income tax returns and information returns without the taxpayer being required to submit a written application for the extension of time to file.
(b) When an extension of time to file is granted, the taxpayer may file a tentative return on or before the original due date showing the estimated amount of tax due for the period covered by the return and may pay the estimated tax or the first installment at the same time.
(c) (1) No interest shall be accrued or assessed against any sums paid on or before the original due date.
(2) Any state tax not paid when due because the director granted an extension of time for payment shall bear interest at the rate of ten percent (10%) per annum from the date originally due until paid.
(d) (1) For purposes of granting an extension of time for filing a return under this section, "good cause" includes, but is not limited to:
(A) An instance in which the taxpayer is determined for federal tax purposes to be affected by a presidentially declared disaster under the provisions of 26 U.S.C. § 7508A, as in effect on January 1, 1999; and
(B) An instance in which the taxpayer is determined to be affected by a disaster emergency as declared by the Governor under § 12-75-107.
(2) In the event that an extension of time for filing a return is granted to a taxpayer affected by a presidentially declared disaster or a disaster emergency declared by the Governor, no interest or penalty shall accrue for the extension period granted by the director.
Section: Previous 26-18-502 26-18-503 26-18-504 26-18-505 26-18-506 26-18-507 26-18-508 26-18-509 NextLast modified: November 15, 2016