For Immediate Release
May 4, 2015

MARYLAND – GOVERNOR ENACTS TAX AMNESTY BILL.

MARYLAND – GOVERNOR ENACTS TAX AMNESTY BILL.

MARYLAND – GOVERNOR ENACTS TAX AMNESTY BILL.

Maryland (May. 2015)

On April 14, 2015, the Maryland Senate approved a bill granting amnesty to individuals and businesses that have underreported or failed to report certain taxes due to the state. Anyone who has a tax liability that has not previously applied for amnesty, is eligible to apply between September 1 and October 31, 2014. The Comptroller’s office will be required to waive certain penalties and interest imposed for the nonpayment, or underreporting of certain taxes.

 

Examples of the kinds of taxes that are included in the Tax Amnesty Program are:

  • Sales and Use Tax
  • Corporate Income Tax
  • Individual Income Tax
  • Withholding Tax
  • Admissions and Amusement Tax

When the taxes have been paid under this Program, all penalties will be waived and only one half of the interest will be due. In addition, the bill stipulates that a taxpayer may not be charged with a criminal tax offense arising out of any return filed and tax paid during the amnesty period.

 

If you would like additional information on this topic or have any questions, please contact taxdesk@thesaltgroup.com.

 

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