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Connecticut 2013 Tax Amnesty a Success


 Delinquent taxpayers in Connecticut are running out of time. Amnesty ends Nov. 15.

 

Connecticut’s tax amnesty program, which began Monday, September 16, has been enormously successful. The state had (conservatively) hoped to accrue $35 million from the program. Thus far, it has garnered $63 million—and it’s not over yet.

Anyone owing back taxes to Connecticut who qualifies for the program, and who pays all taxes owed, will not be charged penalties. In addition, 75% of the accrued interest will be waived.

Double the penalty

Delinquent taxpayers should be aware that it’s worth coming forward during the tax amnesty program. “Taxpayers that fail to come forward during the amnesty may face a 25 percent penalty instead of the usual 10 percent.”

Commissioner Sullivan has said that “we can focus enforcement even more on those who fail to come forward during the amnesty period and we will find them.”

Yikes.

And there is an additional motivation for businesses to come forward and pay owed taxes: delinquent taxpayers are no longer able to renew their sales tax permits until their slate is clean.

The Connecticut tax amnesty period terminates on November 15, 2013.

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Gail Cole
Avalara Author
Gail Cole
Gail Cole
Avalara Author Gail Cole
Gail began researching and writing about sales tax in 2012 and has been fascinated with it ever since. She has a penchant for uncovering unusual tax facts, and endeavors to make complex sales tax laws more digestible for both experts and laypeople.