The state has finally initiated its long-awaited tax amnesty program, set to go live at 8:30 AM on November 15, 2018, and concluding on January 15, 2019.
The time frame for the Amnesty’s application for state tax liabilities are for those due on or after February 1, 2009, and prior to September 1, 2017.
Any qualified taxpayer that has failed to pay any state tax that is due may pay the full amount of tax and 50% of the interest due as of November without penalty or associated fees. The Amnesty will not apply to any penalties that are owed due to civil fraud or criminal conduct, and those taxpayers that are under criminal investigation for any state tax matter may not participate in the amnesty.
The bill further imposes a non-waivable 5% penalty in addition to all other penalties or interest upon any state tax liability that is eligible to be satisfied during the amnesty period for those taxpayers who fail to do so.
Note that for any taxpayer who fails to take advantage of Amnesty, an additional 5% non-abatable penalty will be imposed on those eligible debts not resolved during the Amnesty period.
If you are presently engaged in a Voluntary Disclosure Agreement with liabilities for taxes within the proffered time frame, those liabilities are also eligible.
The website for the Amnesty, which will provide further application information and Amnesty specific phone number, is set to go live November 15 and can be found here.