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NC H883
Bill
Status
Introduced
5/3/2011
Primary Sponsor
Larry Hall
Click for details
AI Summary
- Creates a tax amnesty program administered by the Department of Revenue operating from July 1, 2011 through December 31, 2011
- Waives all penalties on overdue tax debts incurred before April 15, 2011 if taxpayers pay full taxes plus 50% of interest; criminal prosecution for tax non-compliance is prohibited during amnesty period
- Requires eligible taxpayers to file an application, file all required tax returns, file amended returns for underreported taxes, and pay full tax liability plus 50% interest by December 31, 2011
- Provides criminal prosecution immunity for taxpayers and professionals (attorneys, accountants, tax preparers) who participate in the amnesty program for covered tax matters
- Authorizes the Secretary of Revenue to spend up to $1,100,000 from July 2011 collections to administer the program
Legislative Description
Tax Amnesty Program
Last Action
Ref To Com On Rules, Calendar, and Operations of the House
5/4/2011
Committee Referrals
Rules, Calendar, and Operations of the House5/4/2011
Full Bill Text
No bill text available