Gov. Tim Kaine hopes to collect $48 million for the state’s general fund through a tax amnesty program.
Persons – in the broadest legal sense of that term: individuals, corporations, trusts and partnerships – can take advantage of the offer. Those who pay delinquent taxes between Oct. 7 and Dec. 5 will have to pay only the taxes due plus half interest.
If the taxes are not paid then, the taxpayers will be liable for full interest plus a 20 percent penalty. The Virginia Department of Taxation is sending 550,000 notices of outstanding tax bills. The average delinquent bill is $2,315.
By Alan Cooper