People and businesses owing back taxes will be able to pay up under an amnesty period that begins on Oct. 1 in Kentucky.
Finance Secretary Lori Flanery said Thursday the amnesty offer is intended to generate much-needed revenue for state government by encouraging delinquent taxpayers to come forward without facing penalties. They will have to pay half the interest.
The program will run through the end of November.
Delinquent taxpayers will be getting notifications in the mail telling them the amount they owe. Those who ignore the offer will face more severe penalties.
Lawmakers authorized the amnesty offer earlier this year. A similar offer a decade ago resulted in more than 23,000 taxpayers paying more than $40 million in back taxes.
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