Wednesday, September 2, 2009

Tax amnesty ends in Vermont

Vermont's tax amnesty program brought in much less than the expected 2.5 million dollars. The Legislature estimated that amount would be paid by delinquent taxpayers during the six-week amnesty period. Penalties were waived for people paying back taxes during the program, which ended Monday. Early figures released yesterday show only about $1.1 million has been paid. It was the second time Vermont had held a tax amnesty period; the last was in the recession of 1990.