Florida Enacts Amnesty Program: Begins July 1, 2010

The Governor of Florida signed H5801 into law on May 28, 2010 which created an Amnesty Program. The amnesty program runs from July 1, 2010 to September 30, 2010. Under the program, eligible taxpayers may satisfy their state tax liabilities and avoid criminal prosecution and penalties. In addition, interest may be decreased up to 50% in certain cases.

Eligible Taxes

The taxes eligible under the program are: sales tax, fuel tax, corporate income tax, communications services tax, gross receipts tax, and Florida intangible tax.

Taxpayers Under Audit

Taxpayers who are currently under audit or have been contacted for audit, may still apply for amnesty; however, taxpayers will be required to pay the tax and 75% of the interest due.

Taxpayers Who Have Not Been Contacted

Taxpayers who have not been contacted by the state of Florida and come forward during the amnesty period, will be required to pay the tax and 50% of the interest due.

Ineligible Taxpayers

Taxpayers who have entered into settlement agreements prior to July 1, 2010, are not eligible for the amnesty program.

Details? Assistance?

For all of the details, please read the Bill H5801.

If you need assistance in taking advantage of this program, or assessing whether you should take advantage of this program, please contact me at brian.strahle@bakertilly.com.

This blog

Brian Strahle is the owner of LEVERAGE SALT, LLC where he provides state and local tax technical services to accounting firms, law firms and tax research organizations across the United States.  He also writes a weekly column in Tax Analysts State Tax Notes entitled, "The SALT Effect."  For more info, visit his website: www.leveragestateandlocaltax.com

You can reach Brian at strahle@leveragesalt.com.

Connect with Brian on LinkedIn. Follow Brian on Twitter. Join the Leverage | SALT LinkedIn Group, connect and contribute with your colleagues!  

Because state and local taxes are deceptively simple and endlessly complicated.

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