Legislation enacted by the General Assembly will allow a tax amnesty program from September 1 through October 30 for certain taxpayers with tax liabilities for returns due on or before December 31, 2008. The program covers individual income, fiduciary income, pass-through entity nonresident, corporate income, employer withholding, sales and use, and admission and amusement taxes. The benefit of the amnesty program is a waiver of penalty and one-half of interest on taxes due. Taxpayers are not eligible to participate if they:
- Have more than 500 employees or are part of a corporate group with more than 500 employees in the United States;
- Were granted amnesty during the 2001 tax amnesty program; or
- Were eligible to participate in the 2004 settlement period regarding Delaware Holding Company issues.
See the Comptroller’s website for details.