Tax Amnesty Receives Credit for Pushing Up Kentucky Revenue
By: Chris Veech
Updated: December 11, 2012
It looks like the tax amnesty program really pays off for Kentucky. The State Budget Director reports a 7.6 percent increase in revenue for the general fund, and that's not the only increase. Individual income tax revenue increased by 10.7 percent for November, property tax collections jumped nearly 16.5 percent, and sales tax revenue rose by just over 4.5 percent. The Budget Director says the amnesty offer that allowed delinquent taxpayers to pay up without the fear of prosecution "was successful and well utilized."
