Advertisement

Tax amnesty begins Tuesday in Maryland

August 31, 2009

DUNDALK, Md. -- Gov. Martin O'Malley is calling attention to a tax amnesty in Maryland that begins Tuesday.

The two-month amnesty period runs to Oct. 30.

The plan was approved by the Legislature in the last session to encourage people to pay back-taxes as the state weathers the recession.

The amnesty applies to income, sales, withholding and other taxes. It allows residents to pay back-taxes free of penalties and one-half the interest due.

The state's last tax amnesty in 2001 collected $39.5 million in revenue for the state.

All payments will have to be received by Dec. 31.

The state estimates about 177,000 individual income tax accounts and 18,000 business tax accounts are delinquent in Maryland, adding up to as much as a half-billion dollars.

Advertisement
The Herald-Mail Articles
|
|
|