Ky. hoping for $55 mil. from tax amnesty; State is spending $3 mil. on effort
11/26/2012 08:24 AM
To bring in at least $55 million in unpaid taxes, the state is spending $3 million on advertising and outreach and forgiving penalties and reducing interest.
Kentucky has sent out 170,000 packets to delinquent taxpayers urging them to take advantage of this month’s tax amnesty program, said Lori Flanery, the secretary of the Kentucky Finance and Administration Cabinet.
The program expires Nov. 30. And it has included TV ads, the packets to individual businesses and residents, extended hours at 10 tax offices and a website.
But the money the state hopes to get back represents about a quarter of the unpaid taxes out there. This is the third time the state has tried a tax amnesty program. The last tax amnesty period in 2002 brought in $40 million.
Watch the interview with Flanery:
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