August 21, 2014

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Initial figures show Tax Amnesty program successful

Initial figures from Kentucky’s Tax Amnesty program show a strong response from delinquent taxpayers.  Actual and estimated receipts of $56.9 million slightly exceed the budgeted amount of $56.7 million.  However, total revenue attributed to amnesty will not be conclusive until the end of the fiscal year, which is June 30.

“More than 27,000 delinquent taxpayers from all 120 Kentucky counties and all 50 states participated,” said Lori H. Flanery, Secretary of the Finance and Administration Cabinet.  “This means we have 27,000 more taxpayers who are now compliant and have come clean with the Commonwealth of Kentucky.”