RI governor announces 75-day tax amnesty
PROVIDENCE, R.I. (AP) — Rhode Islanders who are behind on their state taxes will get a chance to make good on what they owe during a 75-day tax amnesty starting Sunday.
Gov. Lincoln Chafee announced details of the amnesty Wednesday. He said the amnesty will make it easier for businesses and individuals who fell behind on their taxes during the recession to get right with the state.
"For them, and for others who are delinquent on their state taxes, this is a perfect time to pay what they owe and get a fresh start," Chafee, an independent, said in a statement.
Under the program, taxpayers who submit past-due returns, an amnesty application and their delinquent taxes owed will not be subject to late penalties and will see the interest owed on late taxes reduced by 25 percent. In addition, the state will agree not to pursue civil or criminal actions and will allow the taxpayer to renew any licenses that had lapsed.
The tax amnesty is scheduled to end Nov. 15.
The amnesty applies to personal and corporate income taxes, sales and use taxes and employer taxes, according to state Revenue Director Rosemary Booth Gallogly.
"Opportunities like this don't come around very often," she said.