Corporate, Business & Banking Department E-Newsletter—Volume 2
Pennsylvania Tax Amnesty Period Set to Expire June 18, 2010
Pennsylvania has authorized a Tax Amnesty period to run from April 26 through June 18, 2010. During this limited period, the Pennsylvania Department of Revenue will waive 100% of penalties and 50% of all interest for payment of delinquent taxes owed by individuals or businesses to the Commonwealth of Pennsylvania and administered by the Pennsylvania Department of Revenue. Generally, the eligible periods are those where known or unknown delinquencies exist as of June 30, 2009.
Eligible taxes include, but are not limited to:
- Corporate Net Income Tax
- Sales and Use Tax (including tax due to Philadelphia County)
- Employer Withholding Tax
- Capital Stock or Foreign Franchise Tax
- Realty Transfer Tax
- Personal Income Tax
- Bank Shares Tax
- Cigarette Tax
- Fuel Use Tax
- Inheritance and Estate Tax
- Gross Receipts Tax
Eligible participants who choose not to enroll may incur a 5% penalty in addition to other penalties and interest. To find out more information about Pennsylvania’s Tax Amnesty Program, please contact Marie K. Rudzinski, Esq. or Tina D. Lombardi, Esq. in the Corporate, Business and Banking Law Group at Fitzpatrick Lentz & Bubba, P.C.
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