SB 465 Creates an amnesty program for state taxes due as of December 31, 2012
Sponsor: Schaefer
LR Number: 1917S.01I Fiscal Note not available
Committee: Appropriations
Last Action: 3/13/2013 - Second Read and Referred S Appropriations Committee Journal Page: S522
Title: Calendar Position:
Effective Date: Emergency clause

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Current Bill Summary


SB 465 - This act provides for amnesty from the assessment or payment of any penalties, additions to tax, and interest on delinquent taxes administered by the Department of Revenue for unpaid tax liabilities accruing on or before December 31, 2012. A taxpayer must apply for the amnesty, pay such taxes in full between August 1, 2013, and October 31, 2013, and agree to comply with state tax laws for the next eight years from the date of the agreement. If such taxpayer fails to comply with the state tax laws during the eight year period, then all penalties, additions and tax and interest that were waived shall become due and owing immediately.

Any taxpayer granted amnesty under this act shall not be eligible for future amnesty for the same tax. All tax payments received under this act, other than constitutionally or statutorily earmarked revenues, shall be deposited in the state general revenue fund.

The provisions of this act shall become effective on July 1, 2013 and shall expire on December 31, 2021.

This act contains an emergency clause.

This act is similar to HB 55 (2013) and to a provision contained in SS/HB 253 (2013) and HCS/SS#2/SCS/SBs 26, 11 & 31 (2013).

MIKE HAMMANN