Tag Archives: tax law in Texas

Multistate Tax: Texas offers a fresh start for businesses

The State of Texas announced Project Fresh Start, a tax amnesty program beginning June 12, 2012 and available through August 17, 2012. The program is available for most state and local taxes and fees administered by the Texas Comptroller of Public Accounts, which includes overĀ 60 separate taxes and fees. By successfully completing the program, taxpayers may have interest and penalties waived.

What are the benefits of participation?

Project Fresh Start is a one-time opportunity for businesses who owe the State of Texas taxes or fees to file returns by paying the tax, without interest or penalties being assessed. After the amnesty period is completed, the State of Texas will resume assessing interest and penalties.

Read full article