FOR IMMEDIATE RELEASE
Office of the Governor
July 31, 2002
Contact:
Alex Rose, Kentucky Revenue Cabinet
502-564-9544/www.amnesty.ky.gov
Terri
Giltner, Office of the Governor 502-564-2611
Kentucky Governor
Patton Introduces Tax Amnesty Program
Program
estimated to raise $20 million for state services this year
FRANKFORT,
KY (July 31, 2002) ---Governor Paul Patton and officials from the Kentucky
Revenue Cabinet today unveiled the 61-day Kentucky Tax Amnesty program that
begins August 1 and ends Sept. 30. The press conference announcing the program
was simulcast to six additional locations across the state including Ashland,
Bowling Green, Hazard, Northern Kentucky, Owensboro and Paducah.
“Tax
Amnesty is a rare opportunity for those who live, work, or do business in
Kentucky to pay any back state taxes they owe without penalties, interest or
prosecution. It’s time to get right with the government,” said Governor
Patton.
Governor
Patton and Revenue Cabinet Secretary Dana Mayton answered questions regarding
the Kentucky Tax Amnesty program and highlighted the key elements of the
program. The Tax Amnesty television commercial, theme song and “Tax Amnesty
Man” personality were also introduced at the press conference.
Tax
Amnesty includes all state taxes directly administered by the Kentucky Revenue
Cabinet. Property taxes levied on real estate, motor vehicles and motor boats
payable to local officials are not included. The program applies to back taxes
incurred on or after Dec. 1, 1987 and prior to Dec. 1, 2001.
Virtually all taxpayers are eligible to participate in the program.
“Tax
Amnesty will generate much needed revenues for the state during these tough
economic times,” Secretary Mayton said. “In addition to increasing funds for
the Commonwealth, Amnesty gives taxpayers who owe back taxes an opportunity for
a fresh start.”
Secretary Mayton said the two-month Amnesty program is expected to generate $20 million in 2002 and another $7 million in 2003. Approximately 90,000 taxpayers will receive pre-filled Amnesty applications. Taxpayers eligible for Amnesty, but who do not participate, will incur increased penalties and fees at the conclusion of the program.
This is
only the second time in Kentucky history that the state has conducted a Tax
Amnesty program. The first program conducted in 1988 waived penalties, fees, and
one-half of the interest.
The 2002 program not only waives all penalties and fees, but also all of
the interest. This Amnesty Program (House Bill 614) was enacted during the 2002
session of the General Assembly and was signed into law by the governor earlier
this year. The
1988 program generated more than $61 million, exceeding expectations.
For more
information, visit www.amnesty.ky.gov
or call the Amnesty toll-free number 1-877-ONLY-TAX (1-877-665-9829).
Amnesty applications are available at the offices of County Property Valuation Administrators and at Kentucky Revenue Cabinet Taxpayer
Service Centers throughout the state.
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