News and Insights

Texas Amnesty Begins June 12, 2012

Tax Development May 22, 2012

Texas’s Tax Amnesty Program (“Program”) begins June 12, 2012 and ends August 17, 2012. The Program offers a waiver of penalty and interest on taxes paid during the amnesty period. Amnesty applies to taxes that were due before April 1, 2012 and is available for franchise tax, sales and use tax, and most taxes and fees administered by the Comptroller. Amnesty does not extend to unclaimed property, Public Utility Commission (PUC) gross receipts assessments, property tax, and sports and community venue taxes.

More information about the Program is available on the Comptroller’s special amnesty website at http://www.freshstart.texas.gov/.