(Chicago Tribune) — Illinoisans can often dodge sales taxes by shopping online, but the state of Illinois is hoping to collect on those taxes next year by offering a sales tax amnesty. A new law allows people who didn’t pay sales tax on items bought online, through the mail or over the phone between June […]
(Chicago Tribune) — Illinois got a holiday boost when its tax amnesty program brought in more money than anticipated, one of the few bright lights in a grim financial year for state government. The amnesty program brought in $547 million, with the state’s cut amounting to about $331.9 million. That’s about $82 million higher than […]
(Washington Business Journal) — Delinquent D.C. taxpayers coughed up only $2 million of the $170 million they owe during the first month of a rare tax amnesty period, meaning the District must collect another $18 million before the end of the month just to break even. The Office of Tax and Revenue says it is on […]
(Washington Post) – Attention, D.C. tax scofflaws: Because the city needs help paying its bills, you have some help paying yours. City finance officials expect to generate $20 million in the coming two months by forgiving penalties for tax debtors in return for the full payment of their debts. About 42,000 individual and business taxpayers […]
Whatever the District nets from its imminent tax amnesty period isn’t free money — not all of it, anyway. The fiscal 2010 budget included $20 million that officials estimated the “tax compliance initiative” would generate. But the success of recent amnesties elsewhere suggests D.C. will raise more, if not significantly more, during the two month program. […]