INDIANAPOLIS, Ind. (November 16, 2015) – Indiana residents are running out of time to sign up for tax amnesty. The deadline for the 2015 program is Monday at 11:59 p.m.
Tax amnesty gives Hoosiers who owe taxes a chance to pay their bill without penalties, interest or collection fees. The program is open to individuals and businesses that have unpaid taxes that were due prior to 2013. According to state officials, more than 260,000 Indiana residents qualify.
Andrew Kossack, commissioner Indiana Department of Revenue, said tax amnesty allows people to get a fresh start.
“We’re not going to pursue criminal or civil charges against anyone,” Kossack said.”It’s a great opportunity if you haven’t been compliant in the past to go ahead and get your record clear. We can clear off tax warrants and so forth that have affected your credit rating negatively and so forth.”
The first $84 million raised through the tax amnesty program will go toward the new regional cities initiative. The next $6 million will go to the Hoosier State Rail Line, which has faced financial trouble over the last few years.
The last time Indiana offered tax amnesty was in 2005. The efforts a decade ago raised $244 million.
To learn more about tax amnesty, click here.