For Subscribers

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.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

'This Made Me Physically Recoil From My Phone': Lingerie Brand Apologizes For 'Creepy' Ad Referencing Ryan Reynolds and Bras

Online lingerie retailer Harper Wilde is under fire for a bizarre sponsored post it has since pulled from Instagram.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.

Business News

Viral Sensation 'Popcorn Guy' Has Earned a Gig at the 2023 Oscars

Jason Grosboll first went viral on TikTok for his theatrical method of buttering popcorn in a Texas movie theater.