: News

Virginia's Tax Amnesty Program Reels In Close To $103 Million

Play associated audio

By Natalie Neumann

Virginia collected about $103 million in back taxes during the state's recent tax amnesty program, more than double the expected amount.

During the two-month "Get Square" program that began in October, individuals and businesses owing back taxes were able to waive half the interest they owed and all penalties. Those who didn't pay during the amnesty period though face an additional 20 percent penalty.

Governor Tim Kaine says the amount collected was more than twice the initial projection of $41 million. The revenue will support education, public safety, and health safety net programs.

The General Assembly authorized the program to help bring those with outstanding tax liabilities forward so late taxes could be collected. The state collected about $98 million during the last tax amnesty program in 2003.

WAMU 88.5

Barry Meier: "Missing Man"

Nine years ago, former FBI agent Robert Levinson disappeared in Iran while on a mission for the CIA. The story of his secret journey to Iran, the CIA cover-up that followed and efforts to rescue the longest-held U.S. hostage.

NPR

5,000-Year-Old Chinese Beer Recipe Revealed

Researchers discovered ancient "beer-making tool kits" in underground rooms built between 3400 and 2900 B.C. Analyses of funnels, pots and jugs show the brewers were using pretty advanced techniques.
WAMU 88.5

The Fight for D.C.'s Budget Freedom

Last week, a House committee with oversight of the District passed legislation that would block the ability of the Council to spend its own tax dollars.

WAMU 88.5

The U.S. Expands Ties To Vietnam

President Obama lifts the embargo against U.S. arms sales to Vietnam: Please join us to talk about what closer ties between the U.S. and Vietnam mean for trade, leverage on human rights and growing concerns over China's military expansion.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.