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Tax Amnesty Program Will Begin In September

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PT Money
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ptmoney.com

Hoosier businesses and individuals who owe back taxes to the state will have an opportunity to pay what they owe, without a penalty, this fall. The governor Monday announced a start date for the state’s tax amnesty program.

Indiana conducted its first tax amnesty program in 2005, collecting about $244 million in back taxes.

Those who participated in that program will be ineligible to take advantage of a new tax amnesty window, open from Sept. 15–Nov. 16.

The new program, enacted by the legislature this session, will be open to anyone with unpaid taxes prior to 2013.

Businesses and individuals can pay back those taxes without paying penalties, interest or fees, and the state will forego prosecution.

This year’s tax amnesty program isn’t expected to collect as much as the 2005 effort. But the first $84 million brought in will go towards jumpstarting the state’s Regional Cities Initiative.

The next $6 million will flow to the Indiana Department of Transportation to help pay for the Hoosier State Rail Line, and any amount collected over that goes to the state’s General Fund.  

Brandon Smith is excited to be working for public radio in Indiana. He has previously worked in public radio as a reporter and anchor in mid-Missouri for KBIA Radio out of Columbia. Prior to that, he worked for WSPY Radio in Plano, Illinois as a show host, reporter, producer and anchor. His first job in radio was in another state capitol, in Jefferson City, Missouri, as a reporter for three radio stations around Missouri. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.
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