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State offers amnesty to tax evaders

Al Harris September 28, 2009 0

Is your business behind on its corporate income taxes? How about retail sales tax?

The tax man is going to give you a break.

Gov. Tim Kaine announced Monday a tax amnesty program that will run Oct. 7 to Dec. 5. The amnesty also applies to the individual income tax, and several other state taxes.

Through the campaign dubbed “Get Square VA”, the state hopes to add $48 million to its coffers. Those who participate will have the 20 percent late penalty waived and receive a 50 percent reduction in interest.

Money collected through the program will go to the state’s general fund. The extra revenue will help pad the impact of Kaine’s $235 million cut to state services made to address the state’s $1.35 million budget gap.

More details will be forthcoming Oct. 7 at the official website GetSquareVA.com.

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