For Immediate Release
June 6, 2003
Florida – Amnesty Program Launched
Florida joins the ranks of states trying to entice delinquent taxpayers to “Get Caught Up Before You Get Caught”. For sales and use and intangible personal property tax liabilities due prior to July 1, 2003, a four-month amnesty program will be in effect from July 1, 2003 to October 31, 2003.
Eligible taxpayers will be required to pay the full amount of tax due plus 50% of the interest due. Taxpayers currently under audit, or any other form of investigation, will be required to pay the full amount of tax plus 75% of the interest due. Unless false or fraudulent returns are filed, no penalties will be assessed under the amnesty program.
The Tax Amnesty Agreement, tax returns and other documentation, along with payment of the tax due must be postmarked or electronically transferred by October 31, 2003. No extensions of time will be granted.
The Florida Department of Revenue warns taxpayers that those not participating in the amnesty program will incur higher interest rates and increased enforcement activities on delinquent taxes after the amnesty period expires.
If you would like additional information on this topic or have any questions, please contact David Rohlmeier, Regional Vice President - Sales & Use Tax Group at (469)364-9600. E-mail drohlmeier@thesaltgroup.com
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