GOVERNOR’S OFFICE NEWS RELEASE
CARSON CITY — Governor Jim Gibbons today announced a special “tax amnesty” program for individuals or businesses who may be behind or non-compliant with current Nevada taxes. “This is an opportunity for anyone to get caught up with their state taxes and face no penalties or interest,” Governor Gibbons said, “Under this special program, as long as all the rules are followed, taxes owed to the state can be paid without penalty or interest.”
The program was authorized by Assembly Bill 6 of the 26th Special Session of the Nevada Legislature and signed into law by Governor Gibbons.
The Department of Taxation will administer the tax amnesty program, which runs from July 1, 2010 to September 30, 2010. The program grants a one-time waiver of penalty and interest for certain taxes due prior to July 1, 2010 – provided the outstanding tax liability is paid in full during the amnesty period.
The tax types included in the amnesty program are as follows: Sales & Use Tax, Modified Business Tax, outstanding Business License fees payable to the Department due on or before September 30, 2009, Cigarette Tax, Other Tobacco Products Tax, Liquor Tax, Bank Branch Excise Tax, Insurance Premium Tax, Tire Tax, Live Entertainment Tax (non-gaming), Short-term Lessor (Passenger Car), and Exhibition Facilities Fees, Property Tax that are Centrally Assessed, and Net Proceeds of Mineral Tax.
The last tax amnesty program was conducted in 2008 and was limited to outstanding sales/use taxes, modified business taxes, and the business license fee. This new program includes several other taxes. The 2008 program brought in about $41 million, which was distributed to the State General Fund and to the applicable local governments and school districts. So, this program will not only help out taxpayers in that they will get relief from penalty and interest upon payment of past due taxes, but will also help out the State General Fund, local governments and school districts.
For an amnesty application and more information, please visit the Department of Taxation’s website at http://tax.state.nv.us/, contact the Call Center at (866) 962-3707, or visit a district office in Carson City, Reno, Las Vegas or Henderson.