S.B. 2999 Summary

• Establishes a one-time tax amnesty program administered by the Department of Taxation for taxpayers with outstanding liabilities for taxable periods ending or transactions occurring on or before December 31, 2017.

• Program runs from no later than October 31, 2018 through December 31, 2018, and applies to all taxes under Hawaii Revised Statutes Title 14, excluding real property tax and chapter 249 taxes.

• Eligible taxpayers must file all required returns, pay taxes in full (or establish an approved installment agreement with 25% upfront payment), and may have all penalties waived upon compliance.

• Amnesty waives criminal prosecution and all civil penalties for nonreporting, underreporting, or nonpayment of tax liabilities, but does not apply to taxpayers under criminal investigation or prosecution for tax-related federal or state crimes.

• Director must maintain separate accounting of amnesty revenues, remit all funds to the general fund, adopt implementing rules, and publicize the program to maximize participation.