Report: ‘Tax amnesty lucrative for state’

The front-page story in today’s Baton Rouge Advocate is about the overwhelming success of the 2009 Louisiana Tax Amnesty Program, which collected more than double the anticipated amount.

Louisiana’s latest tax amnesty program generated more than twice as much money as state officials expected.

Gov. Bobby Jindal announced Wednesday that delinquent taxpayers paid $303.7 million — more than double the $150 million anticipated.

“The program has generated a significant amount of money that will go toward providing critical services for our people during a challenging budget cycle,” Jindal said.

The two-month program, which ended on Halloween, waived half the interest owed if state taxpayers settled their accounts in full.

State officials still are tallying the numbers, so the $303.7 million figure could climb.

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