Business Tax Amnesty Ends August 17

Businesses have until Friday to take advantage of the Texas Fresh Start amnesty period.

The Fresh Start amnesty covers taxes and fees originally due before April first of this year. It applies to sales tax, franchise tax, and other state or local taxes or fees. 

RJ DeSilva is a spokesman for the Texas Comptroller’s office.

“One of the main purposes behind this is to allow businesses to clear up their tax records, because in subsequent future audits, if businesses are found to have not paid their taxes or underreported taxes, then they would not only face the prospect of having to pay the taxes but also penalty and interest.”

The amnesty does not apply to filing periods that businesses currently have in audit.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...