Thursday, August 01, 2002
Ky. tax amnesty program offered through Sept. 30
By Gina Holt
Enquirer contributor
FRANKFORT Tax scofflaws and debtors get a chance to get right with the government in the next two months.
A tax amnesty program approved by the 2002 General Assembly starts today and runs through Sept. 30.
People who owe taxes to the state can settle up without prosecution, penalty or interest during the amnesty.
But after Sept. 30, the names of those who owe the commonwealth back taxes will be distributed to the media for publication and the amnesty ends on penalty and interest.
Tax liabilities from Dec. 1, 1987, through Nov. 30, 2001, are covered. Alex Rose, general counsel for the Kentucky Revenue Cabinet, said more than $240 million is owed but less than $30 million is expected to be collected.
The majority of the 90,000 taxpayers with outstanding tax bills are individuals, but most of the money is owed by businesses.
Officials say the amnesty program is especially timely because of the state's revenue woes. But the money expected from tax amnesty is already figured into revenue estimates.
To find out more about the tax amnesty program, go to www.amnesty.ky.gov or call (877) 665-9829.
The Associated Press contributed.
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