Louisiana tax amnesty program reaches $200 million goal - KALB-TV News Channel 5 & CBS 2

Louisiana tax amnesty program reaches $200 million goal

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BATON ROUGE, La. (KALB News Channel 5) – The Louisiana Tax Amnesty program has reached the goal included in the budget for fiscal year 2014.

The 2013 Louisiana Tax Amnesty program that concluded on Friday has reached its goal of $200 million in collections.

"Based on applications and payments processed as of this morning, we have met the $200 million goal included in the budget for fiscal year 2014," Secretary of Revenue Tim Barfield said Monday. "We expect that number to grow as we receive and process applications and payments submitted in the final days and hours of the amnesty program."

LA Tax Amnesty 2013: A Fresh Start offered noncompliant taxpayers an opportunity to settle their accounts with the state by paying all taxes due, with a waiver of all penalties and 50 percent of the interest. Eligible taxpayers could apply for amnesty online, by mail, or in person at Department of Revenue offices. Applications submitted by mail are valid as long as they were postmarked no later than Friday, November 22. As those applications and payments are received and processed, the amnesty total is expected to increase.

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