The bill establishes a voluntary disclosure tax program set to begin on July 1, 2027, allowing individuals and businesses to participate in a program that waives penalties for tax liabilities under Title 82 RCW. To qualify, applicants must disclose all relevant taxable activities, have no history of fraud or evasion, and not have been contacted by the department for tax enforcement in the previous five years. The department is also granted the authority to create rules for the program and can rescind agreements if misrepresentation is found.

Additionally, the bill introduces a temporary tax amnesty program that waives penalties and interest for certain unpaid taxes due before July 1, 2026, provided taxpayers meet specific conditions, including filing all outstanding tax returns by August 17, 2026, and making full payments by October 1, 2026. Taxpayers who receive this relief cannot seek refunds for any tax liabilities paid under this waiver. The bill also amends existing law regarding tax payment methods and filing requirements, emphasizing electronic payments and filings while allowing for waivers under certain circumstances.

Statutes affected:
Original bill: 82.32.080