State tax amnesty period to end on Thursday
BATON ROUGE - Businesses and individuals who have fallen behind on their taxes have just three days left to take advantage of the state’s tax amnesty program in 2015.
Once Louisiana Tax Amnesty 2015 wraps up, there will be no new amnesty program offered by the Department of Revenue until at least 2025, so tax officials urge residents with tax issues to use the opportunity wisely.
“With only a few days remaining to take advantage of tax amnesty, we are encouraging anyone who has fallen behind on their taxes to apply for the amnesty program before it’s too late,” Secretary of Revenue Tim Barfield said.
The monthlong tax amnesty program ends at 11:59 p.m. on Thursday, Dec. 31. Individual and business taxpayers have used the program as a chance to get a fresh start by bringing their delinquent tax accounts up to date by clearing unpaid tax bills and filing overdue state tax returns.
Tax officials say 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 shall waive the remaining 17 percent interest and 33 percent penalties.
For more information about the program and to apply online, visit www.ldrtaxamesty.com or call 1-866-782-9241.