Tax Amnesty Program; State Tax Commissioner to operate program during 2009-2010 fiscal year. (SB1120)
Introduced By
Sen. Chuck Colgan (D-Manassas)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Virginia Tax Amnesty Program. Authorizes the State Tax Commissioner to operate a tax amnesty program during the 2009-2010 fiscal year. The program would be open to any individual, corporation, estate, trust, or partnership that is required but has failed to file a return or to pay any tax administered by the Department of Taxation. All civil or criminal penalties assessed or assessable and one-half of the interest assessed or assessable, resulting from nonpayment, underpayment, nonreporting, or underreporting of tax liabilities would be waived upon payment of the taxes and interest. Amends § 58.1-1840.1 (“Virginia Tax Amnesty Program established.”), of the Code of Virginia. View Full Text »

