SB423 - Alabama Tax Delinquency Amnesty Act of 2015

• Department of Revenue shall establish a tax amnesty program for delinquent taxes with amnesty periods of at least two months in 2015 and at least one month each in 2016 and 2017, applying to all state-administered taxes except penalties for failure to submit information reports.

• Eligible taxes include those due prior to January 1, 2015 with assessments issued by May 31, 2015, or taxes for periods beginning before January 1, 2015.

• Penalty waivers vary by amnesty period: 2015 amnesty grants 50% interest waiver and all penalty waiver; 2016 amnesty grants 15% penalty waiver with no interest waiver; 2017 amnesty grants 10% penalty waiver with no interest waiver.

• Taxpayers participating in amnesty must waive all rights to protest or appeal, agree to department's tax law interpretation for subsequent years, and pay all lien fees and litigation costs; excludes taxpayers under criminal investigation for tax fraud or nonpayment.

• Commissioner retains collected funds for waived penalties, program administration costs, collection and legal fees, and up to $250,000 for advertising; remaining revenue goes to appropriate state funds per current law.