The General Tax Amnesty Act of 2026 lets anyone who owes any internal revenue tax for 2025 or earlier settle the debt by paying a reduced amount – either 2 % of total assets or a 5 % rate on net worth with set minimums – and receive immunity from related penalties, provided they file a return within a year of the rules and meet the disclosure requirements.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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HB10820 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.