Delinquent KY Taxpayers Offered Amnesty
FRANKFORT, KY - People and businesses in Kentucky owing back taxes will be able to pay up under an amnesty period that begins in October.
Finance Secretary Lori Flanery said Thursday the amnesty offer is intended to generate much-needed revenue for state government by encouraging delinquent taxpayers to come forward without facing penalties and interest.
The program will run from October 1st through the end of November.
Delinquent taxpayers will get notifications in the mail telling them the amount they owe. Those who ignore the offer will face more severe penalties.
Lawmakers authorized the amnesty offer earlier this year. A similar offer a decade ago resulted in more than 23,000 taxpayers paying more than $40 million in back taxes.