Louisiana tax amnesty program starts today, runs through December 15

Louisiana tax amnesty program starts today, runs through December 15
Sentencing in stolen identity tax fraud scheme (WVUE image)

BATON ROUGE, LA (WVUE) - Monday marks the beginning of a tax amnesty period for individual and business taxpayers to settle outstanding debts with the Louisiana Department of Revenue.

The one-month amnesty program will start today and run through December 15.

The department of revenue says it offers qualifying taxpayers the opportunity to make installment payments to help clear up debts.

Taxpayers in the following categories are eligible to apply for amnesty:
• Taxpayers who failed to file a tax return or report
• Taxpayers who failed to report all income or all tax, interest and penalties that were due
• Taxpayers who claimed incorrect credits or deductions
• Taxpayers who misrepresented or omitted any tax due
• Certain taxpayers under audit or in administrative or judicial litigation

Amnesty will be granted for eligible taxes to qualified taxpayers who apply during the amnesty period and who agree to settle their accounts with the state by paying 100 percent of delinquent taxes, 83 percent of the remaining interest and 67 percent of the remaining penalties due. Once approved, the Secretary of Revenue will waive the remaining 17 percent interest and 33 percent penalties.

The Louisiana Legislature has set a goal of collecting $50 million for the 2015 Tax Amnesty Program.

The current program is the third and final opportunity offered by the state for at least 10 years.

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