BATON ROUGE, Louisiana — The Louisiana Tax Amnesty program begins Oct. 15.
The 2014 program offers noncompliant taxpayers the chance to settle their accounts with the state by paying 100 percent of delinquent taxes, with a waiver of all penalties and 50 percent of the interest owed.
New to the program this year is the option for individual and business taxpayers to pay their overdue tax liabilities through installment payments over a six-month period.
State lawmakers expect to collect $100 million from delinquent taxpayers, and they've already spent the anticipated money in this year's budget to help pay for the Medicaid program that provides health care services to the poor, disabled and elderly.
Taxpayers identified as noncompliant should receive notice before the program starts.
Beginning at 12:01 a.m. on Oct. 15 through 11:59 p.m. on Nov. 14, eligible taxpayers can apply online at http://www.ldrtaxamnesty.com or call 866-782-9241 for more information.
Louisiana offered a similar amnesty period last year and has one more planned for 2015, though next year's will have less generous terms. Unlike in 2013, the revenue department won't accept tax credits as payment for back-owed taxes.
At the conclusion of the 2015 amnesty period, there shall be no new amnesty program implemented by the Department of Revenue before Jan. 1, 2025.