The bill amends the City Income Tax Act of 1964 by updating the language regarding the filing of annual returns for corporations and individuals with taxable income in the city. It specifies that every corporation and person must file an annual return on or before the last day of the fourth month following the end of their accounting period, with the deadline adjusted to the fifteenth day of the fourth month for tax years after 1996 if an agreement with the Department of Treasury is in place.

Additionally, the bill changes the terminology from "A husband and wife" to "Spouses," allowing for joint returns with joint and several tax liabilities. The enactment of this amendment is contingent upon the passage of specific Senate or House Joint Resolutions that would become part of the state constitution.

Statutes affected:
House Introduced Bill: 141.641