HARTFORD, Conn. (CBSNewYork/AP) – Connecticut unveiled its latest tax amnesty program, offering scofflaws a one-time discount in penalties and interest in hopes of collecting more than $35 million in back taxes to help balance the state budget.
The Department of Revenue Services is offering a 75 percent reduction in accumulated interest and will waive all penalties for individuals and businesses that have not filed, have underreported or have existing state tax liabilities for any period ending on or before Nov. 30, 2012, Commissioner Kevin Sullivan said.
“This is a time to get it done, get it clean and get a fresh start,” Sullivan said during a news conference at the state Capitol on Monday. The agency is launching a radio and online ad campaign to get the word out about the program. Also, notifications were included in DRS billing statements sent to taxpayers with existing liabilities.