If you live in L.A. and are a bit behind on your taxes, check out the recently-announced City of Los Angeles tax amnesty program.
According to a press release recently issued by Mayor Garcetti, “This business friendly program will assist those businesses that may have fallen behind in their payments or have not previously registered with the City,” and can allow folks to avoid up to 40% in penalties.
The amnesty program runs from September 1 through December 31, 2013, and applies to:
- Business tax
- Telephone, electricity & gas users tax
- Commercial tenants’ occupancy tax
- Transient occupancy tax
- Parking occupancy tax
The city estimates this largesse will generate approximately $5.5 million for its coffers.