Conn. launches latest tax amnesty program - FOX 35 News Orlando

Conn. launches latest tax amnesty program

Posted: Updated:
By SUSAN HAIGH

HARTFORD, Conn. (AP) - Connecticut's Department of Revenue Services is unveiling its latest tax amnesty program, hoping to collect more than $35 million in back taxes to help balance the state budget.

Starting Monday, the agency is offering a 75% reduction in accumulated interest and will waive all penalties for certain individuals and businesses that have not filed, have underreported or have existing state tax liabilities.

Commissioner Kevin Sullivan said his agency will strive to exceed the $35 million estimate that state lawmakers included in the new budget. An estimated 80,000 taxpayers owe approximately $400 million in back state taxes, while another 80,000 have underreported or have not filed a return.

Those who don't pay in full by Nov. 15 will face a possible 25% penalty and possible criminal prosecution.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Connecticut NewsConnecticut NewsMore>>

  • Connecticut man charged in Yale hoax threat

    Connecticut man charged in Yale hoax threat

    Wednesday, April 23 2014 3:33 PM EDT2014-04-23 19:33:11 GMT
    New Haven police say they have charged a Westbrook with making a hoax call in November to say an armed man was heading to shoot up Yale University.
    Police say they have charged a Connecticut man with making a call in November in which he falsely claimed an armed man was on his way to shoot up Yale University. New Haven police said Wednesday that 50-year-old Jeffrey Jones, of Westbrook, has been charged with falsely reporting an incident, threatening, reckless endangerment, misuse of the emergency 911 system and breach of peace.
  • New London running out of cash, mayor says

    New London mayor: city running out of cash

    New London Mayor Daryl Justin Finizio has asked the state for help because the city is running out of cash and won't be able to make its $1.7 million payroll this week.
    New London Mayor Daryl Justin Finizio has asked the state for help because the city is running out of cash and won't be able to make its $1.7 million payroll this week.
  • Cops: 73-year-old man shoots neighbor in dispute

    Cops: 73-year-old man shoots neighbor in dispute

    Monday, April 21 2014 7:37 AM EDT2014-04-21 11:37:28 GMT
    A 73-year-old Connecticut man will be appearing before a state judge after being charged with shooting his neighbor three times during an argument on Easter morning.
    A 73-year-old Connecticut man will be appearing before a state judge after being charged with shooting his neighbor three times during an argument on Easter morning.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices