Texas Tax Amnesty Begins May 1, 2018

DALLAS, Dec. 12, 2017 /PRNewswire/ -- The Texas Comptroller recently announced that the state's tax amnesty program, authorized by Senate Bill 1 (2017), will begin May 1, 2018. Under the amnesty program, the Comptroller is authorized to waive penalty and/or interest on most taxes and fees administered by the Comptroller, including sales and use taxes, franchise tax, severance taxes, and most fuels taxes. It will not include taxes due on the International Fuels Tax Agreement (IFTA), unclaimed property, or property taxes.

The amnesty program is available to both registered and non-registered taxpayers. But it is not available to taxpayers who are under audit. In addition, it does not apply to established tax liabilities. Additional information regarding the amnesty program and program documentation and forms will be available from the Comptroller's office.

About Ryan
Ryan, an award-winning global tax services and software provider, is the largest firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multi-jurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a five-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 14,000 clients in more than 45 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at ryan.com. 

TECHNICAL INFORMATION CONTACTS:

Eric Stein
Principal
Ryan
512.476.0022
eric.stein@ryan.com

Adina Christian
Director
Ryan
512.476.0022
adina.christian@ryan.com

SOURCE Ryan