Thursday, September 10, 2009

Tax amnesty program collects $545,000 in first week

Louisiana's tax amnesty program collected more than $545,000 during its first week.

The state Department of Revenue started the two-month program on Sept. 1. Individuals and businesses can pay back taxes without a penalty.

Revenue department spokeswoman Tara Cunningham says more than $431,000 collected during the first week came from individuals. Under a state law authorizing the amnesty, the first $98 million collected will go to coastal restoration and protection projects. The next $86 million goes into the state's rainy day fund for use during budget crunches.

No comments: