Tax Amnesty Brings in Millions
By SUSAN HAIGH Associated Press
HARTFORD, Conn. (AP) _ Connecticut’s Department of Revenue Services says it has collected up to $180 million from its tax amnesty program, surpassing the $35 million the General Assembly estimated could be amassed from tax delinquents.
The approximate $145 million difference is expected to be deposited into the state’s Rainy Day Fund.
Most of the money came from businesses that owed back corporate income tax, as well as sales and use taxes.
Kevin Sullivan, the state’s tax commissioner, called the amnesty the most successful in state history. The largest payment was $20 million, while the oldest dated back to 1988. Sullivan would not provide details about either payment.
The amnesty ran from Sept. 16 to Nov. 15. Individuals and businesses could apply for a 75 percent reduction in interest owed on back state taxes.
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