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Committee advances bill waiving penalties and interest for taxpayers, sets 90-day window
Summary
The House Standing Committee on Ways and Means voted to prepare a committee report on House Bill 24-12, a measure to waive penalties and interest on unpaid taxes for qualifying taxpayers and to open a 90-day application window if the bill becomes law.
The House Standing Committee on Ways and Means voted to prepare a committee report on House Bill 24-12, a measure to waive penalties and interest on unpaid taxes for qualifying taxpayers and to open a 90-day application window if the bill becomes law.
Vice Speaker Diego Camacho, the bill’s author, told the committee the proposal is intended “to promote economic recovery by providing relief to CNAIC taxpayers by waiving penalties and interest.” He said similar amnesty laws have been enacted several times in the past.
Committee members…
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