HB 6422 Summary

• Establishes a tax amnesty program running from May 15, 2011 through June 30, 2011 for taxpayers with unpaid tax liabilities administered by the Michigan Department of Treasury.

• Allows the state treasurer to waive all criminal and civil penalties for failure to file returns, failure to pay taxes, or excessive refund claims if taxpayers submit unfiled/amended returns and pay all back taxes and interest by the end of the amnesty period.

• Excludes taxpayers who are eligible for voluntary disclosure agreements, whose tax stems from criminal activity, who are under criminal investigation, or who have been convicted of tax-related felonies from receiving penalty waivers.

• Appropriates $6,800,000 from amnesty program revenue to the Department of Treasury for program administration, public awareness campaigns, and implementation costs, with completion expected by September 30, 2012.

• Requires the Department of Treasury to notify eligible taxpayers at least 30 days before the amnesty period begins through tax forms and the internet.