HI HB292

Establishes a one-time tax amnesty program administered by the Department of Taxation for liabilities covering taxable periods from January 1, 2010 through December 31, 2020.

Amnesty period runs from January 1, 2022 through December 31, 2022, and applies to all taxpayers owing taxes under Hawaii Revised Statutes Title 14, excluding real property tax and taxes under Chapter 249.

Eligible taxpayers must file all required tax returns and pay taxes in full (or establish installment agreements for hardship cases with 25% down payment) to receive waiver of all penalties and criminal prosecution protections.

Taxpayers participating in amnesty waive all rights to protest assessments, pursue refunds, or initiate legal proceedings regarding amounts paid under the program.

Director of Taxation shall maintain separate accounting of amnesty revenues, publicize the program widely to maximize participation, and adopt administrative rules for program implementation.