California is preparing to kick off its first tax amnesty program in two decades, in hopes of narrowing its whopping budget deficit.

The state, which faces an $8.6 billion budget deficit, hopes to collect from $300 million to $600 million through the program, according to a report by the San Francisco Chronicle.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access