Kentucky Beginning Tax Amnesty Period
By: Michael C. Fehn
Updated: September 21, 2012
People and businesses owing back taxes, will be able to pay up under an amnesty period that begins October 1st in Kentucky.
The amnesty offer is intended to generate much-needed revenue for state government, by encouraging delinquent taxpayers to come forward without facing penalties and interest.
Delinquent taxpayers will receive notifications in the mail, telling them the amount they owe. Those who ignore the offer will face penalties.
Lawmakers authorized the amnesty offer earlier this year. A similar offer a decade ago resulted in more than 23-hundred taxpayers paying more than 40 million dollars in back taxes.
The program will run through the end of November.
The amnesty offer is intended to generate much-needed revenue for state government, by encouraging delinquent taxpayers to come forward without facing penalties and interest.
Delinquent taxpayers will receive notifications in the mail, telling them the amount they owe. Those who ignore the offer will face penalties.
Lawmakers authorized the amnesty offer earlier this year. A similar offer a decade ago resulted in more than 23-hundred taxpayers paying more than 40 million dollars in back taxes.
The program will run through the end of November.
