MS SB2716

Establishes a tax amnesty program running from September 1, 2021 through December 31, 2021 for unpaid tax liabilities that accrued between January 1, 2005 and December 31, 2019

Waives all interest and penalties for eligible taxpayers who pay the full original tax liability amount during the amnesty period

Expands eligibility compared to the 2004 amnesty program to include taxpayers under criminal tax investigations, those owing penalties under the International Fuel Tax Agreement or International Registration Plan, and participants in the 2004 amnesty program

Applies to any taxes administered by the Department of Revenue where taxpayers failed to pay taxes, failed to file returns, or filed inaccurate returns

Maintains felony penalties of up to $100,000 for individuals ($500,000 for corporations) and/or up to 5 years imprisonment for those who fail to participate and are later found to have evaded taxes