State Collects Up to $180 Million in Back Taxes

Monday, Nov 18, 2013  |  Updated 3:16 PM EDT
View Comments (
)
|
Email
|
Print
State Collects Up to $180 Million in Back Taxes

Getty Images

Connecticut's Department of Revenue Services says it has collected up to $180 million from its tax amnesty program, surpassing the $35 million the General Assembly estimated could be amassed from tax delinquents.

advertisement

Connecticut's Department of Revenue Services says it has collected up to $180 million from its tax amnesty program, surpassing the $35 million the General Assembly estimated could be amassed from tax delinquents.

The approximate $145 million difference is expected to be deposited into the state's Rainy Day Fund.

Most of the money came from businesses that owed back corporate income tax, as well as sales and use taxes.

Kevin Sullivan, the state's tax commissioner, called the amnesty the most successful in state history. The largest payment was $20 million, while the oldest dated back to 1988. Sullivan would not provide details about either payment.

The amnesty ran from Sept. 16 to Nov. 15. Individuals and businesses could apply for a 75 percent reduction in interest owed on back state taxes.
 

Get the latest from NBC Connecticut anytimeiPhone/iPad/Android App | SMS AlertsTwitter | Facebook | Google+ | Instagram | RSS

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Get Fit With NBC Connecticut!
The Health & Wellness Festival is back in... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out