Month-long Indiana tax amnesty set for fall

Delinquent state taxpayers will have a chance to pay up without penalty under a tax amnesty program that will take place this fall.

Gov. Mike Pence on Monday announced the dates for the amnesty will be Sept. 15 through Nov. 16.

The goal is to collect at least $84 million in back taxes, which will be used to fund the governor’s Regional Cities Initiative, a program meant to let communities come together to fund projects and programs that boost their economies and quality of life.

Pence said in a statement the amnesty will play “a critical role in helping to jumpstart the Regional Cities Initiative, encouraging collaboration among Hoosier communities to develop ways to bolster investment, attract talent, and continue Indiana on a pathway to economic growth and success.”

The next $6 million collected will be transferred to the Indiana Department of Transportation. Any remaining revenue from the amnesty program would be deposited in the state’s main checking account.

The nonpartisan Legislative Services Agency has estimated that the program could collect between $109 million and $159 million. Already, the state’s revenue department has identified about $400 million in outstanding tax debts.

Those who choose to pay their past due taxes won’t face penalties, interest, collection fees or prosecution. Liabilities accrued before Jan. 1, 2013 are eligible for the amnesty.

Indiana’s first tax amnesty program was conducted in 2005 and the state collected $244 million in back taxes. Those who participated in 2005 are not eligible to participate in this year’s program.

Additional details can be found here.

Please enable JavaScript to view this content.

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.