Missouri House approves tax amnesty period
Friday, September 9, 2011
JEFFERSON CITY, Mo. (AP) — The Missouri House has approved a tax amnesty period for delinquent taxpayers.
The state would waive interest and penalties for those who pay their tax bills between Jan. 1 and Feb. 29. Under the amnesty approved by House members on Friday, delinquent taxpayers would need to pay off their balance and agree to comply with state tax laws for the next eight years.
Missouri twice has offered tax amnesties within the past decade. The amnesty brought in $74 million during the 2002 fiscal year and $42 million a year later.
Friday’s vote of 150-0 sends the measure to the state Senate.
Tax amnesty is HB2