Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
State payroll system ready for Social Security withholding deferral; no final decision
Summary
Arkansas officials told lawmakers the state payroll system can implement the federal temporary Social Security withholding deferral for eligible employees but no final decision had been made; deferred taxes must be repaid by employers between Jan. 1 and April 30, 2021, and the state warned of potential liabilities if it fails to remit.
Secretary Amy Fancher told the committee that the state payroll system is configured to implement the temporary federal option allowing employers to defer withholding the employee portion of Social Security taxes from Sept. 1 through Dec. 30, 2020, for employees who earn less…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
