Tax Amnesty Program Collects Over $130M
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe Indiana Department of Revenue says its Tax Amnesty 2015 program has collected $137.6 million in cash payments to date. The eight-week program, which ended on November 16, allowed taxpayers to pay past-due taxes without penalties, interest or collection fees.
The IDOR says taxpayers have agreed to pay an additional $21.6 million via payment plans. Those payment plans must be satisfied by June 15, 2016. The department is still processing payments and forms postmarked by the program’s deadline and expects to add to the overall total.
“Nearly 65,000 taxpayers already have paid their past-due taxes in full, and more than 13,000 are participating via payments plans,” said Indiana Department of Revenue Commissioner Andrew Kossack. “We are privileged to partner with these taxpayers as they seek to clear their records of these liabilities, and we are pleased to see that the program is generating revenue that exceeded our goals.”
The Tax Amnesty 2015 program was part of the biennial budget which was signed into law by Governor Mike Pence in May.