The Department of Revenue established an amnesty program entitled the “City of Chicago Tax and Indebtedness Amnesty Ordinance of 2005”. The amnesty period runs from October 24, 2005 to December 16, 2005, but may be extended for a period of up to 60 days provided an application for extension is submitted to the Chicago Director of Revenue by December 16, 2005. The amnesty is available to taxpayers, who as of October 24, 2005 and not at any time prior to September 14, 2005, were not registered to collect and/or remit taxes for which they are seeking this amnesty relief. When an eligible taxpayer pays all taxes owed for taxable periods ending after July 1, 2003, the Department will not assess interest or penalties on the taxes paid. In addition, the Department will not seek to collect tax, interest, or penalties for taxable periods ending before July 1, 2003 or civil or criminal prosecution for any taxes owed by the eligible unregistered taxpayer prior to the amnesty period. Amnesty shall be granted only if all amnesty conditions are met by the taxpayer, tax collector or other debtor. Any taxpayer or tax collector who fails to take advantage of the amnesty program, and is liable for any taxes due is liable for a penalty of 20% of such taxes, in addition to the taxes, interest or penalty due thereon. (City of Chicago, Department of Revenue, September 14, 2005)