General Overview of Maryland Tax Amnesty Program, May 2015

Posted on 05/01/2015

Maryland Governor Larry Hogan recently signed Senate Bill 763 (Chapter 50, Acts of 2015), requiring the Comptroller to create a Tax Amnesty Program (“Program”). /1

The Program

Below is a summary of the benefits the Program provides, limitations to participation and the process by which taxpayers qualify themselves for the Program.

Eligibility

Limitations to Eligibility

Program Benefits

General Considerations

Taxpayers who believe they may have delinquent tax liabilities in Maryland should consider participating in the Program. Taxpayers with larger liabilities should consider entering into a deferred-payment agreement with the Comptroller, since this allows payments to be made in through December 31, 2016– more than a year after the end date of the Program. The Comptroller is expected to release additional information about the Program, including a Frequently Asked Questions advisory.

1 Senate Bill 763, Chapter 50, Acts of 2015 (S.B. 763; Apr. 14, 2015), § 1.
2 S.B. 763, § 1(a).
3 S.B. 763, § 1(b)-(c); § 2(a)(1)(i).
4 S.B. 763, § 2(a)(1)(ii).
5 S.B. 763, § 2(a)(2)(i).
6 S.B. 763, § 2(a)(2)(ii)(iii).
7 S.B. 763, § 2(a)(2)(iv)(2).
8 S.B. 763, § 2(a)(2)(iv)(1).
9 S.B. 763, § 2(a)(3)(i).
10 S.B. 763, § 2(a)(3)(ii).
11 S.B. 763, § 2(a)(1).
12 S.B. 763, § 2(b)(1).
13 S.B. 763, § 2(b)(2).