There's actually no penalty for being late and other Presidents have been late. But no one like Obama, who was 98 days late in 2009, the record. And yes it's the first Monday in February per the Budget and Accounting Act of 1921 but saying it's constitutionally required has a certain ring to it, LOL!! And how about that Harry Reid, running interference for Obama by not submitting a Senate version?
What kind of law has no penalty for its noncompliance?