The proposed bill amends the Tax Reform Code of 1971 to introduce a tax amnesty program for the fiscal year 2025-2026, designated as ARTICLE XXIX-J. This program allows taxpayers to settle their delinquent tax liabilities without incurring penalties, interest, or fees during a 90-day amnesty period, which will end no later than June 30, 2026. The eligible taxes are those administered by the Department of Revenue that became delinquent between January 1, 2020, and December 31, 2024. The bill outlines key definitions, participation requirements, and conditions for taxpayers to benefit from the program, while also stipulating that participants will not be eligible for future amnesty programs.

Additionally, the bill includes provisions regarding judicial appeals related to tax liabilities during the amnesty period, requiring that any appeal be filed by the last day of the amnesty. It clarifies that penalties for unpaid tax liabilities incurred after the amnesty period are supplementary to existing penalties. The bill also emphasizes that it does not relieve individuals or entities from their obligations to file tax returns or pay taxes as mandated by current laws, and it ensures that ongoing legal proceedings remain unaffected. To facilitate the implementation of these new provisions, the bill suspends any inconsistent acts or parts of acts, allowing for a smooth application of the new rules, and is set to take effect immediately upon passage.

Statutes/Laws affected:
Printer's No. 2084 (Jul 07, 2025): P.L.6, No.2