On December 30, 2008, the State of Connecticut announced it will offer a Tax Amnesty Program (“Program”) beginning May 1, 2009, pursuant to Sec. 8 of 2008 Conn. Pub. Acts 1 (November 24 Special Session). The bill, which authorizes the Program, was passed by the Connecticut General Assembly during a special session on November 24, 2008 and signed by Governor M. Jodi Rell on November 25, 2008.
The Program will be administered by the Department of Revenue Services (DRS) and allow eligible taxpayers to remit taxes that were underreported or not previously filed for any taxable period ending on or before November 30, 2008. Amnesty is available for all taxes administered by the DRS.
A taxpayer is ineligible for the Program if a party to any criminal investigation or to any civil or criminal investigation involving the DRS. Additionally, amnesty is not available for periods that are currently under audit by the DRS or on existing tax bills or periods on payment plans.
Under the Program, the DRS will waive all penalties associated with the filing and will not seek criminal prosecution. It will also offer a reduction in interest to ¾% per month if payment is made in full by June 25, 2009.
If a particular taxable period or a particular Connecticut tax does not meet the requirements of the Program, a taxpayer may file for tax amnesty for another period or other Connecticut tax that does meet the requirements.
The DRS will not accept applications for amnesty prior to May 1, 2009 or after June 25, 2009.
- Topics
- Transaction Tax
- Connecticut