More than 5,000 businesses in Washington have taken advantage of a new tax amnesty program and paid more than $12.6 million into the state Treasury, state officials report.
In addition, the business owners have saved themselves $4.3 million in penalties and interest by taking advantage of the amnesty program, which ends April 18.
The Legislature authorized the limited-time offer at Gov. Chris Gregoire's request.
"This unique opportunity allows businesses that have struggled during this difficult economic period to get caught up on their state business taxes," said Revenue Director Suzan DelBene. "It also helps the people of Washington state by generating dollars that can be used to fund essential state services."
To qualify, businesses must apply to the Washington State Department of Revenue for tax amnesty. All back taxes must be paid by April 30.
Businesses with outstanding liability on certain taxes due prior to Feb. 1 can qualify to pay those taxes without paying the associated penalties and interest.
"Businesses shouldn't wait until the last minute to apply," DelBene said. "If they do, and they inadvertently make a mistake on their application, they may not have time to submit a corrected application and could miss out on this opportunity."
The amnesty application and other information on qualifying can be found on the Department's website at PayMyTax.org.