Posts tagged: tax amnesty
A three-month amnesty program for businesses with overdue taxes has started in Washington state.
The plan aims to collect revenue now by waiving any penalties and interest. Otherwise, the state Revenue Department could spend months trying to collect those past-due bills.
The program was requested by Gov. Chris Gregoire and authorized by the Legislature during December’s special session.
The Revenue Department estimates the amnesty program could collect about $24 million for the state, and about $4 million for local governments. The state guesses about a fifth of 50,000 delinquent businesses will take advantage.
Businesses have to submit an application by April 18 and taxes have to be paid by the end of April. Details are available at the website paymytax.org.