Nevada Enacts Tax Amnesty!
by AccountingWeb on
According to budget legislation  signed into law, Nevada will offer tax amnesty for all taxes beginning July 1, 2010 until October 1, 2010. Amnesty May Save Penalties and Interest Section 64 of Assembly Bill 6 , enacted March 12, 2010, requires the Department of Taxation to allow a person who on July 1, 2010, is delinquent in the payment of a tax, fee or assessment to pay the amount due without any penalty or interest in certain circumstances. This amnesty program will apply only to a person who files a request for relief and pays the amount due between July 1, 2010, and October 1, 2010. Amnesty does not apply to any person who has entered into:
- A compromise or settlement agreement with the Department of Taxation regarding the unpaid tax, fee or assessment; or
- A compromise with the Nevada Tax Commission regarding the unpaid tax, fee or assessment pursuant to NRS 360.263.