HB 1004 (Jan. 7, 2005 printing) – Tax Amnesty Bill

House Bill 1004, the tax amnesty bill passed Second Reading with a couple of amendments. One provision of the bill stated that the amnesty was not available to tax liabilities that had been reduced to judgment. Rep. Turner’s Amendment changes the provision to say that the liability has to have been decided by the tax court and denied transfer to the Supreme Court (which makes me wonder what would happen in the case where transfer was granted by the Supreme Court which in turn decided against the taxpayer.) Rep. Welch’s Amendment provides that a taxpayer taking advantage of the tax amnesty has to agree that he, she, or it is not eligible to take advantage of a similar tax amnesty program for the same type of tax that may be instituted in the future.