Illinois Revenue Announces Tax Amnesty Program

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

Illinois taxpayers who incurred tax liabilities between July 1, 2011 and June 30, 2018 may be eligible for the one-time tax amnesty program. Beginning October 1, 2019, eligible taxpayers who pay their eligible tax liabilities in full will have associated penalties and interest waived.  Taxpayers have until November 15, 2019 to make a full payment on their liabilities and file the required paperwork with the Illinois Department of Revenue (IDOR). During budget negotiations this year, Governor Pritzker proposed a tax amnesty program for taxpayers who have state tax liabilities, and the General Assembly agreed to include the program as part of this year’s fiscal budget. The Governor’s Office of Management and Budget estimates the tax amnesty program will recover $175 million in outstanding tax liabilities. To participate in Illinois’ Tax Amnesty Program, taxpayers must pay all outstanding tax on an amnesty qualifying period in order to have eligible penalties and interest waived. Taxpayers, including those who do not receive a notice from IDOR, seeking additional information should visit IDOR’s Tax Amnesty web page located at tax.illinois.gov.

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