Beginning on July 1, 2010 and ending on September 30, 2010
The Department of Revenue will implement an amnesty program beginning on July 1, 2010, and ending on September 30, 2010 for taxpayers subject to various state and local taxes, including, among others, corporate income, sales and use, severance, motor fuel, estate, documentary stamp, and intangible personal property taxes.
The amnesty program is a one-time opportunity for eligible taxpayers to satisfy their tax liabilities and avoid criminal prosecution, penalties, and in certain instances, the interest due. Eligible taxpayers must file the forms and other documentation specified by the department and must make full payment of tax due, the interest that may be due, and the administrative collection processing fee. Any taxpayer who has entered into a settlement before July 1, 2010, is not eligible to participate.
Certain taxpayers who may be under audit, inquiry, examination, or civil investigation initiated by the department may participate in the program. However, the taxpayer must pay the full amount of the tax due and 75% of the interest due. Additionally, certain taxpayers who make initial contact with the department pursuant to the amnesty program will pay the full amount of the tax due and 50% of the amount of interest due.
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