The Texas Comptroller's Office has officially announced a
new amnesty program set to run from June 12 through August 17,
2012.1 Under the Project Fresh Start amnesty program,
the state will waive penalties and interest associated with
delinquent tax reports and underreported tax liabilities which are
paid by eligible participants during the amnesty period. Only
reports that were originally due before April 1, 2012 are eligible
for the limited-time amnesty.
Eligible Taxpayers
Taxpayers eligible for amnesty include those who: (1) did not
file a required return or report; (2) underreported or omitted any
tax liability on a previously filed report; or (3) are doing
business in the state, but have failed to register for a permit to
report and remit Texas taxes. The amnesty program does not apply to
underpaid tax returns (tax that was reported on a return but not
actually paid).
