Voluntary Disclosure of Correct Taxable Income.
Section 1
SECTION 1. Voluntary Disclosure of Correct Taxable Income. – Any individual who, for any of all the taxable years 1974 to 1979, had failed to file a return is hereby allowed to file a return for each of the aforesaid taxable years and accurately declare therein the true and correct income, deductions and exemptions and pay the income tax due per return. Likewise, any individual who filed a false or fraudulent return for any taxable year in the period mentioned above may amend his return and pay the correct amount of tax due after deducting the taxes already paid, if any, in the original declaration.