Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster
Davis Motor Sales banner ad

Initial Figures Show Kentucky’s Tax Amnesty Program Successful

taxes 1040FRANKFORT, Ky. (2/23/13) – 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.”
 
According to the Department of Revenue, the largest payment under amnesty was $6 million. The average payment was $1,300 for individuals and $3,300 for businesses.

Approximately 1,500 taxpayers, who could not pay their outstanding liability in full before amnesty ended, took advantage of setting up a payment plan. Those payments must be reached in full by May 31 -- otherwise interest, penalties and fees will be added back.

“Our goal with this amnesty program was not only to achieve the amount we projected, but to make it easy for taxpayers to comply,” said Tom Miller, Commissioner of the Department of Revenue. “I am so proud of our staff in Revenue. They worked tirelessly preparing for amnesty, executing the program and now following up.”

A final report on the overall success of the amnesty program will be available soon after the end of the fiscal year. The last tax amnesty program in Kentucky was held in 2002.

Following are additional facts and figures about Kentucky’s amnesty program:

  • 60 percent of applications were from businesses; 40 percent from individuals.
  • 86 percent of applications were from in-state versus out-of-state.
  • The top five counties for number of applications received were Jefferson, Fayette, Kenton, Boone and Oldham.
  • Beyond the Commonwealth, the top five states for number of applications received were Ohio, Indiana, Florida, Tennessee and Illinois.
  • The 61-day amnesty program ran from Oct. 1 to Nov. 30, 2012.
  • More than 175,000 packets were sent out to delinquent taxpayers.
  • Amnesty participants must remain current over the next three years or face reinstated penalties, fees and interest. 
  • Those who did not participate in amnesty face stiffer fees and additional interest.
  • An extensive advertising and public relations campaign generated awareness of the amnesty program.
  • This was the third amnesty program ever offered to delinquent Kentucky taxpayers.


SurfKY News
Information provided by Pamela Trautner
Photos provided by SurfKY Graphics

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

Started 11/8/2013
Started 11/8/2013
Started 11/8/2013

In Other News...

Cairo Elementary Plans School Events

HENDERSON, Ky. (4/16/14) — The following events are planned for students who will be enrolled in kindergarten during… Read More

Madisonville Police Arrest Reports - April 16, 2014

MADISONVILLE, Ky. (4/16/14) — The Madisonville Police Department released the following arrest reports Wednesday, April… Read More
Started 11/8/2013

Most Read This Week (Site-Wide)

April 16, 2014 17330

UPDATE- Sheriff's Office Following Leads…

in Top Stories by Taylor Riley, SurfKY News Reporter
April 14, 2014 5663

U.S. Bank Hanson on Lockdown Due to Bomb…

in Top Stories by Rita Dukes Smith, SurfKY News Director
April 14, 2014 5056

Pedestrian Killed During Two Vehicle…

in Top Stories by Chris E. King
April 13, 2014 4309

One Dead in Two Vehicle Head On Collision

in Top Stories by Chris E. King
April 15, 2014 2736

Police Searching for Sureway's 'Baby…

in Top Stories by Taylor Riley, SurfKY News Reporter

Most Read Stories from Hopkins County

April 14, 2014 5056

Pedestrian Killed During Two Vehicle…

in Top Stories by Chris E. King
April 13, 2014 4309

One Dead in Two Vehicle Head On Collision

in Top Stories by Chris E. King
April 15, 2014 2736

Police Searching for Sureway's 'Baby…

in Top Stories by Taylor Riley, SurfKY News Reporter
April 12, 2014 2725

One Injured in Two Vehicle Accident in…

in Top Stories by Rita Dukes Smith, SurfKY News Director
April 15, 2014 2222

Multi-Agency Investigation Leads to Drug…

in Top Stories by Lori Blakeley

Most Read Stories from Owensboro

April 14, 2014 1600

Grow Garden Grow - Spring Has Sprung

in News by Barbara Cecil Russ
April 13, 2014 893

Two Daviess County Men Busted for…

in Top Stories by Scott Gibbs
April 15, 2014 887

Owensboro Police Investigate Auto Accident

in News by Michael Hathaway
April 15, 2014 686

Owensboro Parks Offers Tennis Lessons

in News by Britni Bunn
April 14, 2014 561

Owensboro Health Hosts Tours for…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

April 13, 2014 2550

Muhlenberg 4-H is Buzzing

in Top Stories by Janie Culton
April 14, 2014 1941

MCC Staff Shares Good News with…

in Top Stories by Paul McRee, SurfKY News Reporter
April 15, 2014 1174

'Walk Right Back' An Everly Brother's…

in Top Stories by Paul McRee, SurfKY News Reporter
April 15, 2014 1123

Local MCHS Students Train at Job Corps

in Top Stories by Karen Robinson
April 15, 2014 945

Thumbpickers Unite at Mose Rager Day

in Top Stories by Paul McRee, SurfKY News Reporter

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 06social 21social 22social 04social 03