United States

Missouri: Governor Nixon Approves Amnesty Legislation

May 04, 2015
From KPMG TaxWatch

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On April 27, 2015, Missouri Governor Jay Nixon signed legislation (House Bill 384) that establishes a tax amnesty program from September 1, 2015 through November 30, 2015. During this time, amnesty from the assessment or payment of all penalties, additions to tax, and interest applies with respect to unpaid taxes, regardless of whether previously assessed. All taxes administered by the Department of Revenue that were due on or before December 31, 2014, but that remain unpaid, can be satisfied during the amnesty period. Taxpayers that are party to any criminal investigation or litigation over the nonpayment of any Missouri tax are not eligible to participate. Participating taxpayers must comply with all of Missouri’s tax laws for the eight years following the date of the amnesty agreement. Failure to do so will result in the waived penalties, additions to tax and interest becoming immediately due and payable. Further, if a taxpayer is granted amnesty for a particular tax type, it may not participate in any future amnesty program for the same type of tax. Finally, taxpayers that participate in the program relinquish all judicial or administrative appeal rights with respect to taxes paid under amnesty and may not later claim refunds of such amounts.   House Bill 384 also (1) allows the Department of Revenue to enter into a reciprocal debt collection agreement with the federal government to offset vendor, contractor, and taxpayer payments for any type of debt owed to the state, (2) creates the Office of Taxpayer Advocate, and (3) establishes a commission to study Missouri tax policy. Please contact Derek Love at 816-802- 5220 with questions on Missouri’s upcoming amnesty program.

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The following information is not intended to be "written advice concerning one or more federal tax matters" subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.

The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.