Codifying the voluntary disclosure tax program and authorizing temporary tax amnesty.

Summary

The bill establishes a voluntary disclosure program that lets businesses and individuals report past tax activity and have penalties waived, provided they meet eligibility rules. It also offers a one‑time amnesty that removes penalties and interest on certain state taxes owed before July 1 2026 if taxpayers file and pay by specified deadlines. The Department of Revenue will set rules, and the measures take effect in 2027 for disclosures and in 2026 for the amnesty.

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