Tax Amnesty Program Proposed for CA Businesses Struggling to Survive

By Chris Micheli, 

AB 879 would provide taxpayers an avenue to pay overdue tax liability without costly penalties

February 16, Assemblywoman Blanca Rubio (D-Baldwin Park) introduced Assembly Bill 879 to create a tax amnesty program in the state.

The bill would add Section 19777.6 to, to add Article 1.7 (commencing with Section 7067) to Chapter 8 of Part 1 of Division 2 of, and add Chapter 9.2 (commencing with Section 19740) to Part 10.2 of Division 2 of, the Revenue and Taxation Code.

Section One of the bill would provide legislative findings and declarations related to spread of COVID-19 and its impact on businesses that are struggling to survive. Despite the current pandemic circumstances, business owners still are required to collect and remit all applicable taxes, pay regulatory fees, and pay other business operating expenses with a limited budget.

And, it is the intent of the Legislature to enact legislation to create a tax amnesty program that would provide taxpayers an avenue to pay overdue tax liability without costly penalties, bringing taxpayers into compliance and helping them recover from the closures caused by the COVID-19 pandemic.

Read the rest of the story on the California Globe

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