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Bill

36-0083

An Act establishing a 90-day amnesty period for the waiver of penalties for payment of outstanding property taxes, income taxes, and gross receipt taxes for all tax years to assist taxpayers and businesses recovering from the aftermath of Hurricanes Irma and Maria and Tropical Storm Ernesto

2025-2026 Regular Session

Creates a 90-day amnesty waiving penalties on property, income, and gross receipts taxes to help taxpayers and businesses recovering from Hurricanes Irma, Maria, and Ernesto.

Introduced
0
WeVote Research Nonpartisan
Bill Summary · 36-0083

Summary of Bill 36-0083

Title

An Act establishing a 90-day amnesty period for the waiver of penalties for payment of outstanding property taxes, income taxes, and gross receipt taxes for all tax years to assist taxpayers and businesses recovering from the aftermath of Hurricanes Irma and Maria and Tropical Storm Ernesto

Purpose and Intent

The bill seeks to provide temporary relief to taxpayers and businesses that have outstanding tax penalties by offering a 90-day amnesty period during which penalties can be waived. The relief is framed as a disaster-recovery measure to support those affected by the aftermath of Hurricanes Irma and Maria (both in 2017) and Tropical Storm Ernesto (2012).

Key Provisions (as described)

  • Establishment of a 90-day amnesty window during which penalties on outstanding tax debts are waived.
  • Applies to penalties related to property taxes, income taxes, and gross receipts taxes for all tax years.
  • The mechanism targets taxpayers with outstanding penalties, offering relief specifically by waiving those penalty amounts during the amnesty period.
  • Details on whether interest, penalties beyond the stated waivers, or eligibility limitations are defined in the bill text are not provided in the summary.

Affected Parties

  • Individual taxpayers with outstanding property taxes, income taxes, and gross receipts taxes.
  • Businesses owing penalties in these tax categories.
  • Taxing authorities implementing and administering the amnesty period.

Timeline and Procedural Status

  • Introduced: January 30, 2025
  • Status: Introduced
  • Legislative actions:
    • January 30, 2025: Received and assigned
    • March 27, 2025: To Senate
    • May 8, 2025: Listed as introduced (indicating ongoing consideration or cross-chamber action)
  • The bill is currently at an early stage; many implementation details would be clarified in the full bill text and any subsequent committee actions.

Potential Impact and Considerations

  • Fiscal impact: Short-term reduction in penalty revenue during the 90-day window; potential effects on overall tax collections depending on uptake.
  • Administrative workload: Requires notification, processing of waived penalties, and reconciliation of outstanding balances.
  • Eligibility clarity: The summary does not specify whether the amnesty covers all years retroactively or only those in the window, whether interest continues to accrue, or any caps on the forgiven penalties.
  • Disaster recovery: Intended to provide timely relief to taxpayers and businesses still facing recovery challenges from past disasters.

Next Steps

  • Review the full bill text to confirm definitions, eligibility criteria, scope (years covered), treatment of interest, and administrative procedures.
  • Monitor committee referrals and amendments in the Senate and any subsequent floor action for final passage.

Compiled from official sources — confirm details with the bill’s official record.

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