Mon November 26, 2012
State Spending $3 Million on Tax Amnesty Initiative
The state government of Kentucky is spending $3 million on a tax amnesty program that officials hope will bring $55 million in revenue.
In 2002, Kentucky launched an amnesty initiative that garnered $40 million. Governor Steve Beshear announced this effort in October to help balance the two-year budget that will allow citizens and businesses to make restitution.
In an interview with Pure Politics, Kentucky Secretary of Finance and Administration Lori Flanery says the money has been spent mostly on advertising the program.
From Pure Politics:
Delinquent taxpayers have until November 30 to avoid penalties, fees and additional interest.