With office closures and reduced staffing underway, several states have been shifting focus to mitigating the compliance-related impacts of coronavirus.
Some states have extended annual report due dates, while others have chosen to temporarily waive financial penalties for late filings.
As of the date of this post, we’ve confirmed compliance-related changes for the following U.S. states and territories:
This information will be updated as additional changes are announced.
The due date for filing Business Privilege Tax returns (as well as some other tax returns) for entities affected by the COVID-19 pandemic has been postponed from April 15th to July 15th for this year.
In Arkansas, annual franchise taxes are normally due May 1st. For the 2020 franchise tax reporting year, the standard $25 late fee and interest charges (0.000274% interest per day) will be waived for companies filing between May 2nd and July 15th.
Connecticut extended the filing period for LLC annual reports from March 31st to June 30th. Annual reports for 2019 may be filed on or before June 30th of this year with no penalty.
The May 1st deadline for Florida annual reports has been extended to June 30th for corporations, LLCs, limited partnerships and limited liability limited partnerships. The standard $400 penalty for late filing will not be assessed until July 1st, 12:01AM.
Georgia’s deadline for corporations and LLCs to file the 2020 Annual Registration has been extended from April 1st to May 1st.
The Illinois Secretary of State’s office has advised that in order to accommodate filers hampered by the closure of their office due to COVID-19, all late fees will be waived for a 90-day period on filings such as Annual Reports, Reinstatements, Cumulative Report of Changes in Issued Shares and Paid in Capital, Report Following Merger or Consolidation and Application for Authority to Transact Business in Illinois.
The deadline for filing Annual Reports has been extended from April 15th to July 15th.
The 2020 Personal Property Tax Returns deadline for corporations and LLCs has been extended from April 15th to July 15th.
While Montana has not officially extended the filing deadline, they have waived the standard $15 penalty fee for corporations and LLCs that do not file by the April 15th deadline. Penalties for late filing will not be applied until after July 15th.
North Carolina has announced that they will not consider annual reports due April 15th delinquent until June 15th, although they are not able to officially extend the deadline. This policy will apply to annual reports for all LLCs registered in North Carolina, as well as any corporations, LLPs, and LLLPs with a fiscal year end of 12/31.
Although companies will not be penalized with delinquent status until after June 15th, they are encouraged to file by April 15th if possible.
Texas Comptroller of Public Accounts is extending the due date for 2020 franchise tax reports to July 15th. The due date extension is granted automatically to all franchise tax payers.
Annual reports for all entity types are normally due April 1st, but the DCRA will not apply a late fee for any reports filed between April 1st and June 1st. The same is true for trade name renewals. Business license renewals due between March 25th and April 27th will have 45 days after the declared emergency is over to file the renewal.
The deadline for corporations and LLCs to file the 2019 Annual Report has been extended from April 15th to July 15th. In previous years, corporations could apply to extend the deadline for filing the annual report to July 15th. This year, because the deadline is already extended to July 15th, no extension applications are needed. Corporations will not be able to extend past July 15th.
Additional information for coronavirus-related changes:
- Service and Schedule Changes
- State-by-State Filing Guide
- International Registry Status
- Authentication and Legalization Closings
This content is provided for informational purposes only and should not be considered, or relied upon, as legal advice.