“This program will generate unpaid tax revenue that the state otherwise would spend months trying to recover, helping ease the state through its budget crisis,” Gregoire said. “At the same time, it gives many businesses a fresh start in 2011, which so many business owners need following the great recession.”
To take advantage of the amnesty program, businesses must submit an application by April 18, and taxes due must be paid in full by April 30, 2011. Businesses can find complete program details and the program application at PayMyTax.org.
The Department of Revenue estimates that about 10,000 of 50,000 delinquent businesses and additional unregistered businesses will take advantage of the program, generating $24.4 million in state revenue and $3.9 million in local revenue.
Hundreds of businesses already have requested estimates of how much they would save if they agree to pay all back taxes during the amnesty window.