GOVERNMENT

Tax amnesty program generated $7.36M so far

COURTESY R.I. DIVISION OF TAXATION
WITH THREE WEEKS TO GO, Rhode Island's 2012 tax amnesty program has collected $7.36 million thus far.
Posted 10/25/12

PROVIDENCE – Rhode Island’s tax amnesty program, which promises a clean slate to the state’s tax delinquents, has generated $7.36 million so far and drawn 2,792 applications, Tax Administrator David M. Sullivan said Thursday.

“We are gratified with the results to date,” said Sullivan in prepared remarks.

This year’s amnesty ends in three weeks on Nov. 15. “Time’s running out. Get your application in as soon as possible,” said Sullivan, who added that his office expects a large rush of applications at the deadline.

During the state’s last tax amnesty, in 2006, roughly 80 percent of the total dollars were collected during the final 30 days, according to the release.

If residents file an amnesty application, past-due returns and pay back taxes, the state’s Tax Division said it will take a number of steps to reduce the overall burden, if approved.

If the application is approved, the Tax Division will: waive penalties, reduce interest by 25 percent, agree not to pursue civil or criminal penalties and agree not to block license renewal.

“Many people have already taken advantage of amnesty by paying their back taxes, clearing their slates and getting off to a clean start,” Sullivan said.

As of Oct. 24, the Tax Division has received $3.2 million in public service corporation taxes, $1.8 million in personal income taxes, $1.3 million in corporate taxes and $784,456 in sales and use tax. The figures include tax and interest paid.

Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • 40 Under Forty
    We're almost sold out. The 10th Anniversary of 40 Under Forty, and PBN is planni ...
  • Healthiest Employers
    Save the date - August 14th - at the Providence Marriott for the 3rd annual Heal ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement