Seeking a Tax Amnesty
Tax amnesty offers help for businesses that owe.
By Joan Szabo •
Opinions expressed by Entrepreneur contributors are their own.
A state sales tax amnesty offer could be on its way to your state soon. The program is part of the national Streamlined Sales Tax Project, or SSTP, which is designed to simplify and modernize sales and use tax collection and administration.
The amnesty program is expected to take effect once SSTP receives approval in enough states to represent 20 percent of the total population of the states where a sales tax is imposed. Forty-five states and the District of Columbia currently impose sales and use taxes. Under SSTP's amnesty plan, companies would receive a waiver of liability for previously uncollected or unpaid sales taxes in exchange for a pledge to begin collecting taxes in each participating state where they make sales.
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