The Missouri House of Representatives has approved a bill that would provide an amnesty from the assessment or payment of all penalties, additions to tax, and interest with respect to unpaid personal and corporate income taxes, sales and use taxes, and corporation franchise taxes that occurred on or prior to December 31, 2011. A taxpayer must apply for amnesty, file a tax return for each tax period for which amnesty is requested, pay the unpaid taxes in full from August 1, 2012, to October 31, 2012, and agree to comply with state tax laws for the next eight years from the date of the agreement. The amnesty would not apply to any taxpayer who at the time of payment is a party to any criminal investigation or to any civil or criminal litigation pending in any U.S. or Missouri court for nonpayment, delinquency, or fraud relating to any tax imposed by the state.
If any taxpayer fails to comply with the state tax laws at any time during the eight years following the date of the amnesty agreement, all penalties, additions to tax, and interest that were waived under the agreement would become due and owing immediately. In addition, if a taxpayer elects to participate in the amnesty program, as evidenced by full payment of the tax due, the election would constitute an express and absolute relinquishment of all administrative and judicial rights of appeal. No tax payment received under the amnesty program would be eligible for refund or credit.
H.B. 1030, as passed by the Missouri House of Representatives on March 1, 2012