Tagged: Tax Amnesty Program

FRANKFORT, Ky. -- An amnesty offer that allowed delinquent taxpayers to pay up without fear of prosecution is being credited with generating a 3.8 percent increase in General Fund revenue in January.

State Budget Director Jane Driskell said individual income tax revenue rose by more than 35 percent and corporate income tax receipts rose nearly 83 percent as delinquent taxpayers wrote checks to the state treasury.

FRANKFORT, Ky. -- An offer of tax amnesty in Kentucky was a factor in a significant rise in General Fund revenue in November, the state's budget chief said Monday.

Budget director Mary Lassiter said revenue rose 7.6 percent to $784.2 million, largely the result of 16.4 percent jump in property tax collections.

Individual income tax revenue increased by 10.7 percent and sales tax receipts rose by 4.6 percent for the month.

FRANKFORT, Ky.  --  In hopes of reaping a financial windfall, Kentucky officials will allow people and businesses owing back taxes to pay up under an amnesty offer that begins on Oct. 1.