Kentucky Offers Tax Amnesty

{Frankfort, Kentucky}...Finance Secretary Lori Flanery said Thursday that, under an amnesty period that begins October 1st in Kentucky, people and businesses owing back taxes will be able to pay up. The threat of prosecution will be waived, and only half the interest owed will be due. Flanery says the amnesty offer is intended to generate much-needed revenue for state government by encouraging delinquent taxpayers to come forward. Delinquent taxpayers will be getting notifications in the mail telling them the amount they owe. Those who ignore the offer will face more severe penalties. A similar offer a decade ago resulted in more than 23,000 taxpayers paying more than $40 million in back taxes. The program will run through the end of November.