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Section A: General News


Businesses can get tax amnesty




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April 25, 2012 | 1,263 views | Post a comment

AUSTIN -- Texas Comptroller Susan Combs has announced the opportunity for businesses to clear up their tax records without any penalty. The state’s Fresh Start tax amnesty period is set for Tuesday, June 12, through Friday, Aug. 17.

The tax amnesty covers taxes and fees that were originally due before April 1. The amnesty does not apply to underpaid tax returns (tax that was reported but not paid) or filing periods that businesses have in audit.

The Fresh Start amnesty applies to sales tax, franchise tax, and other state or local taxes or fees administered by the comptroller’s office, except Public Utility Commission gross receipts assessments.

A similar tax amnesty was held in summer 2007 and brought in approximately $100 million in unpaid taxes. To find out more, visit www.freshstart.texas.gov, or call toll-free 1-800-252-1390.
 

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Section A: General News Archives


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