City of Colorado Springs Enacts Tax Amnesty Program

Beginning May 12, 2009 and ending August 14, 2009, the City of Colorado Springs is offering a Tax Amnesty Program that provides an opportunity for businesses within the City to voluntarily pay any past due sales, use, lodgers, auto rental, bicycle and movie admission tax liabilities without penalties and with reduced interest. During this period, interest will be assessed at 6%, instead of the normal 18%. All businesses and individuals who have failed to file a return or have underreported the tax on a previously filed return for any period ending on or before March 31, 2009 are eligible for the program, even if the taxpayer is currently under audit. Taxpayers are not eligible if they have already entered into a written agreement with the City or have accepted a settlement offer. (News Release, City of Colorado Springs, May 11, 2009)

Posted on June 9, 2009