Massachusetts authorizes tax amnesty program

On July 11, 2014, Massachusetts Gov. Deval Patrick signed the $36.5 billion fiscal year 2015 budget, which, among other things authorizes a tax amnesty program. The tax amnesty program will apply to personal income tax withholding and pass-through entity withholding. Under the program, penalties will be waived for taxpayers who file delinquent returns and pay outstanding tax liabilities during the amnesty period. Interest will not be waived. The amnesty program will be established for two consecutive months in fiscal year 2015, to be determined by the Commissioner of Revenue, and all required payments must be made by June 30, 2015, in order for the amnesty to apply. Taxpayers who are the subject of a criminal investigation or prosecution related to their tax filings and/or payments are not allowed to participate in the program. (H.B. 4001, Laws 2014, effective retroactively to July 1, 2014; Press Release, Office of Massachusetts Gov. Deval Patrick, July 11, 2014; Governor’s Veto Letter to the Massachusetts Senate and House of Representatives, Massachusetts Office for Administration and Finance, July 11, 2014.)

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