INDIANAPOLIS (AP) — Indiana’s revenue agency says it has collected $100 million from the state’s tax amnesty program and has agreements for about $22 million in payments.
Those figures announced Wednesday put collections beyond the $90 million mark that officials had set to fund the state’s new Regional Cities grant program and other projects.
The state Department of Revenue says additional money collected will go into the state’s general fund.
Legislators this spring approved the two-month amnesty period that ended Nov. 16, allowing individuals and businesses to pay overdue state tax liabilities without penalties, interest and collection fees.
The tax amnesty program was being counted on to provide $84 million for the Regional Cities grants and $6 million to support Amtrak’s Hoosier State line between Indianapolis and Chicago.