INDIANAPOLIS (AP) — The Indiana Department of Revenue says the state’s tax amnesty program last year brought in more than twice the revenue expected by the General Assembly and cleared the delinquent status of some 77,000 individual and business taxpayers.
The (Northwest Indiana) Times reports the final tax amnesty report released by the agency Wednesday shows the state collected $188.5 million in back taxes during the eight-week amnesty period by agreeing to waive late fees, interest and penalties on the delinquent payments.
That was more than double the $90 million anticipated by the General Assembly and represented a third of amnesty-eligible liabilities.
The report says businesses paid more than three-quarters of the back taxes collected during the amnesty period. Individuals owing less than $1,000 comprised nearly 80 percent of the participants.