Tax Amnesty Program Runs Until October
According to a news release, the program was enacted by the General Assembly and gives delinquent taxpayers one final opportunity to pay their taxes with only half of the interest owed. The program is expected to increase general fund revenues by $18 million and local revenues by $4.5 million in the 2016 fiscal year.
Maryland Comptroller Peter Franchot said the vast majority of businesses and individuals pay their Maryland taxes in full and on time.
“Tax Amnesty is a limited and rare opportunity for tax delinquents to do the right thing by settling any outstanding liabilities. It’s important for all Marylanders to pay their taxes which support important public services that benefit everyone in our great state,” Franchot said.
Taxes eligible for amnesty:
•Personal income tax
•Fiduciary income tax
•Pass-through entity nonresident income tax
•Corporate income tax
•Employer withholding tax
•Sales and use tax
•Admissions and amusement tax
Tax Amnesty applications will be accepted beginning September 1. For more information, click here. Or send an email to firstname.lastname@example.org.