The owner of two Great Neck auto body repair shops admitted Friday to failing to pay $335,000 in taxes to the state and agreed to pay back the full amount of money, prosecutors said.

Joseph Caraccia, 65, of Whitestone, Queens, pleaded guilty to misdemeanor petty larceny, and his two companies, Auto Bodyworks and Auto Body Works II, each pleaded guilty to felony second-degree larceny, according to Nassau County District Attorney Kathleen Rice.

advertisement | advertise on newsday

"Caraccia and his companies have agreed to pay restitution," of $335,000 -- half on Friday and the other half at his sentencing, Rice's office said in a news release.

The sentencing is scheduled for May 22.

Prosecutors said the theft was discovered after the district attorney's office received a tip and referred the case to investigators with the state Department of Taxation and Finance, "which found discrepancies between taxes paid by insurance carriers to Caraccia's shops and the taxes the shops subsequently failed to remit to the State."

A subsequent audit and records review determined that Caraccia and his businesses "collected but failed to remit taxes in amount of $335,000 between 2009 and 2012," Rice's office said.

advertisement | advertise on newsday

Caraccia was arrested Oct. 24, 2012, and his two corporations were charged on Dec. 18.