Mo. House approves tax amnesty legislation
Thursday, March 3, 2011
Delinquent Missouri taxpayers would get a chance to pay off their debts without owing penalties or interest under legislation approved by the House.
Taxpayers would need to pay their bills between Aug. 1 and Oct. 31 to qualify for the amnesty. They also would need to comply with state tax laws for the next eight years, or they would owe the penalties and interest that have been pardoned.
House members approved the legislation 154-0, and it now goes to the state Senate.
Supporters say the measure could bring in as much as $74 million. They say it also offers a clean slate for those who have fallen behind on their taxes.
Tax amnesty is HB116
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