Indiana tax amnesty collections reach nearly $138 million

INDIANAPOLIS (AP) — Indiana’s tax amnesty program has collected nearly $50 million more than its original goal.

The Indiana Department of Revenue says individuals and businesses have paid nearly $138 million as of Monday to satisfy overdue state tax liabilities. The agency also has agreements for about $22 million in additional payments by next summer. The figures compare with the original goal of $90 million in collections.

Revenue Commissioner Andrew Kossack says nearly 65,000 taxpayers already have paid their past-due taxes in full, and more than 13,000 are participating via payment plans

The program is providing $84 million for the state’s Regional Cities grants and $6 million to support Amtrak’s Hoosier State line between Indianapolis and Chicago. Additional collections go into the state’s general fund.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments are closed.