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by Lisa Tauriac, CPA, Senior Tax Manager, Doeren Mayhew
The Louisiana Department of Revenue (LADOR) will implement three tax amnesty periods, applying to all taxes except motor fuel, before the end of 2015 as a result of legislation signed by Gov. Bobby Jindal (R) on June 21.
The legislation directs the department to establish an amnesty period for at least two months during the remainder of 2013, and for at least one month between July 1 and Dec. 31 of both 2014 and 2015. In order to participate in the amnesty program, taxpayers must agree not to protest or initiate any administrative or judicial proceedings.
The tax amnesty program covers:
Participation in the program is also open to taxpayers under audit or involved in tax litigation if they agree to abide by the department’s interpretation of law with respect to issues that are resolved through amnesty for three taxable years following the amnesty period. To encourage participation, the department may waive interest and penalties associated with the tax periods for which amnesty is granted, and earlier participation yields a greater benefit.
Full text of H.B. 456 is available at http://www.legis.la.gov/legis/home.aspx.
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