Tax Amnesty Proposal Passes State House

taxes money Tax Amnesty Proposal Passes State HouseA tax amnesty program aimed at helping Michigan’s state government overcome a budget deficit is advancing in the state Legislature.

The Democratic-led House passed a bill Tuesday that would let taxpayers apply to pay back taxes between May 15 and June 30 without civil or criminal penalties from the state treasurer. The program would apply to taxes due before the end of 2009.

It’s projected to raise about $60 million for the state as people pay back taxes.

The bill passed the House 58-49 mostly along party lines and now returns to the Republican-led Senate.

The Senate passed a version of a tax amnesty plan in 2009.

Lawmakers are trying to erase a budget deficit of $484 million for the fiscal year starting Oct. 1.
  
(Copyright 2010 by The Associated Press.  All Rights Reserved.)

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