BATON ROUGE – The 2013 state tax amnesty program has received more than 52,000 applications with payments totaling over $435 million, the Louisiana Department of Revenue (LDR) announced Thursday.
“Taxpayers responded enthusiastically to the opportunity to fulfill their obligations and settle their accounts with the state,” Secretary of Revenue Tim Barfield said. “We believe we have received the overwhelming majority of applications, and we continue to process those applications that were submitted by the deadline to ensure compliance with the amnesty eligibility requirements.”
Of the $435 million collected, approximately $369 million came from accounts under audit and litigation, which generally are contested matters involving businesses, and $66 million came from delinquent tax collections generally involving individuals. Amnesty collections include $67 million paid using transferable tax credits.
LDR estimates the cost of administering the amnesty program, including its share of outside legal fees, is approximately $14 million. And, as provided under the amnesty statute, LDR will retain about $64 million to replace penalties and fees waived under the program.
LA Tax Amnesty 2013: A Fresh Start gave eligible taxpayers the chance to bring their accounts up to date by paying all taxes due, with a waiver of all penalties and 50 percent of the interest. The program was in effect from September 23 through November 22. Taxpayers submitted applications by mail, online or at LDR customer service centers throughout the state.