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Comptroller: Maryland Tax Amnesty Nets $9.6 Million

November 5, 2009
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The office of Maryland's comptroller says the state's tax amnesty program is netting an estimated $9.6 million. The program allows residents to pay back taxes free of penalties and one-half the interest due.

Joseph Shapiro, a spokesman for Comptroller Peter Franchot, says close to 6,500 applications have been accepted and 100 more are being reviewed.

Maryland's last tax amnesty period was in 2001. That effort brought in more than $39 million for the state. Analysts were not expecting the program to bring in that much this year because of the number of people who settled up the last time around.

Shapiro says many participants are on payment plans. That means the state will receive the money during this fiscal year and the first half of the next fiscal year. Five other states, including Virginia, currently are offering tax amnesty.

Rebecca Blatt reports...

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