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November 22, 2009

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Tax amnesty program brings in $27 million

By Sun Staff (contact)

Monday, Oct. 6, 2008 | 4:40 p.m.

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Nevada has raked in more than $27 million because of a tax amnesty program that allows businesses to pay back taxes without penalties or interest.

The program took effect July 1. During a special legislative session in June, lawmakers allocated $4 million from the program to help balance the state budget, although the program has taken in more than $27.3 million.

“This program has far surpassed any expectations we had for it,” Gov. Jim Gibbons said in a statement. “With this strong show of willingness by taxpayers to come forward, I asked the Nevada Tax Commission to extend the emergency regulations to the full 120 days available by law.”

Discussion: 1 comment so far…

  1. By UNLVStud
    10/6/08 at 9:17 p.m.
    Suggest removal

    I'd be happier if the Tax Commission did their jobs and collected these taxes when they came due in the first place. What are we paying these government employees for? Or is this just the Luv Guv's ineffective administration at work?

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