MO HB1031

Establishes tax amnesty for unpaid state taxes administered by the Department of Revenue reported and paid in full between August 1, 2012, and October 31, 2012, waiving all penalties, additions to tax, and interest on liabilities due by December 31, 2011.

Requires taxpayers to apply on Department of Revenue forms, file tax returns for each taxable period, and pay the entire balance due within 60 days of approval to qualify for amnesty.

Excludes taxpayers who are parties to criminal investigations or civil or criminal litigation pending for nonpayment, delinquency, or fraud related to state taxes.

Obligates amnesty recipients to comply with state tax laws for eight years following the amnesty agreement; failure to comply results in immediate collection of all waived penalties, additions, and interest.

Participation in the amnesty program constitutes an absolute relinquishment of all administrative and judicial rights of appeal, and payments are non-refundable and non-creditable.