Indiana Begins Its Second Tax Amnesty Program
Hoosiers now have a two-month window to pay off back taxes without any penalties, fines or interest, through Indiana’s Tax Amnesty program, which runs until November 16.
Department of Revenue Commissioner Andrew Kossack says more than 260,000 people are eligible for the tax amnesty program and will be sent letters notifying them of the opportunity. He says the program is particularly useful for taxpayers with old debts.
“It could be that some of these taxpayers could not pay today even if they wanted to, if they had to pay interest and penalties and collection fees," Kossack says. "So this gives them an opportunity to pay at a lower rate; we can put them on payment plans and so forth.”
The first $84 million collected by the tax amnesty program goes to the state’s new Regional Cities Initiative, with the next $6 million helping the Department of Transportation pay for the Hoosier State Rail Line. Kossack says he’s cautiously optimistic the program will reach the $90 million mark, even though he estimates there's close to $500 million in outstanding tax debt.