As of July 1, 2004, sellers who register to collect tax within 12 months of the state’s participation with the Streamlined Sales and Use Tax Agreement will not be liable for sales taxes they did not collect or remit in the year preceding their registration. This amnesty does not apply to 1) tax liabilities of the seller on taxable transactions in which the registered seller is the purchaser; 2) any sales or use tax already paid or remitted to this state or to taxes collected by the seller; 3) sellers who are already in the process of an audit or judicial hearing. Penalties and interest will also be waived for unremitted and uncollected sales and use taxes during the 12-month period. (H.B. 5504, effective July 1, 2004)