Conn. launches latest tax amnesty program - FOX 29 News Philadelphia | WTXF-TV

Conn. launches latest tax amnesty program

Posted: Updated:
By SUSAN HAIGH

HARTFORD, Conn. (AP) - Connecticut's Department of Revenue Services is unveiling its latest tax amnesty program, hoping to collect more than $35 million in back taxes to help balance the state budget.

Starting Monday, the agency is offering a 75% reduction in accumulated interest and will waive all penalties for certain individuals and businesses that have not filed, have underreported or have existing state tax liabilities.

Commissioner Kevin Sullivan said his agency will strive to exceed the $35 million estimate that state lawmakers included in the new budget. An estimated 80,000 taxpayers owe approximately $400 million in back state taxes, while another 80,000 have underreported or have not filed a return.

Those who don't pay in full by Nov. 15 will face a possible 25% penalty and possible criminal prosecution.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Connecticut NewsConnecticut NewsMore>>

  • Death row inmate seeks kosher diet

    Death row inmate seeks kosher diet

    One of two men convicted in the killings of a mother and her two daughters in a 2007 Connecticut home invasion is suing Connecticut, claiming his rights are violated because he's being denied kosher food in...
    One of two men convicted in the killings of a mother and her two daughters in a 2007 Connecticut home invasion is suing the state, claiming his rights are violated because he's being denied kosher food in prison.
  • Connecticut police stop minorities at high rates

    Connecticut police stop minorities at high rates

    Thursday, September 11 2014 6:30 PM EDT2014-09-11 22:30:32 GMT
    New data released by the state of Connecticut show police statewide are stopping black and Hispanic drivers at disproportionately high rates compared with population statistics. The figures released Thursday show that about 14 percent of all police traffic stops from last October through May involved black drivers, when blacks comprise about 8 percent of the state's population.
    New data released by the state of Connecticut show police statewide are stopping black and Hispanic drivers at disproportionately high rates compared with population statistics. The figures released Thursday show that about 14 percent of all police traffic stops from last October through May involved black drivers, when blacks comprise about 8 percent of the state's population.
  • Missing Connecticut girl found in Colorado

    Missing Connecticut girl found in Colorado

    Thursday, September 11 2014 4:05 PM EDT2014-09-11 20:05:09 GMT
    A 14-year-old Connecticut girl missing since last month has been found in Colorado, and the man suspected of kidnapping her after months of online chatting is under arrest. Acting on a tip from the FBI, police in Longmont, Colorado said they got a found the girl in an apartment there on Wednesday afternoon.
    A 14-year-old Connecticut girl missing since last month has been found in Colorado, and the man suspected of kidnapping her after months of online chatting is under arrest. Acting on a tip from the FBI, police in Longmont, Colorado said they got a found the girl in an apartment there on Wednesday afternoon.
Powered by WorldNow

WTXF-TV
330 Market Street
Philadelphia, PA 19106-2796

Phone: (215) 925-2929
Fax: (215) 982-5494

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices