Tax News Highlights

 

Pennsylvania Announces Tax Amnesty Program

March 2, 2017


The Commonwealth of Pennsylvania announced a tax amnesty program for businesses and individuals that will run from April 21, 2017, through June 19, 2017. The amnesty applies to more than 30 state taxes including corporate net income tax, capital stock/foreign franchise tax, bank and trust company shares tax, corporate loans tax, personal income tax, sales and use tax, employer withholding tax, and inheritance tax.

Amnesty is available for all periods during which tax was due and payable on or before Dec. 31, 2015. All penalties and half of any accrued interest will be waived for eligible applications. The following taxpayers are ineligible for the amnesty program:

  • Taxpayers who participated in the 2010 Pennsylvania tax amnesty program
  • Taxpayers under criminal investigation, criminal prosecution, or criminal restitution for allegedly violating a tax law
  • Taxpayers in bankruptcy, unless granted permission by the bankruptcy court
  • Taxpayers with a current voluntary disclosure agreement for periods eligible for the program

Taxpayers who want to take advantage of the amnesty program must withdraw any active administrative or judicial appeals of a tax liability eligible for amnesty.

Additionally, if a taxpayer subsequently is assessed a tax liability for a period eligible for amnesty, an additional 5 percent penalty will be applied to any assessment.

Authors
hopkins-christ-150
Chris J. Hopkins
Partner
Kyu Hyun Chun