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GA HB833
Bill
Status
Introduced
1/25/2016
Primary Sponsor
Billy Mitchell
Click for details
AI Summary
- Creates a new tax amnesty program covering outstanding liabilities for taxable periods or transactions occurring between January 1, 1991, and December 31, 2015, with all penalties waived upon voluntary payment of taxes and interest owed
- Requires the new amnesty program to begin by October 31, 2016, and be completed no later than December 31, 2016, applying to all state taxes except property taxes administered under Chapters 5 and 6 of Title 48
- Changes the legislative intent from describing the tax amnesty program as a "one-time occurrence which shall not be repeated" to one "opened infrequently and for short periods of time" to avoid counterproductive effects on tax compliance
- Authorizes the commissioner to impose post-amnesty collection fees of 20% on deficiencies for transactions after December 31, 2015, and 50% on deficiencies for transactions on or before that date, with waiver authority for non-negligent, non-fraudulent deficiencies
- Preserves the original 1992 amnesty program (covering periods through December 31, 1990) as a separate code section while adding the new amnesty period and becomes effective upon the Governor's approval
Legislative Description
Tax amnesty program; additional waiver periods; provisions
Last Action
House Second Readers
1/27/2016
Full Bill Text
No bill text available