Louisiana tax amnesty collections reach $435 million
BATON ROUGE – The 2013 state tax amnesty program has received more than 52,000 applications with payments totaling over $435 million, the Louisiana Department of Revenue announces.
"Taxpayers responded enthusiastically to the opportunity to fulfill their obligations and settle their accounts with the state," Secretary of Revenue Tim Barfield said.
Of the $435 million collected, approximately $369 million came from accounts under audit and litigation, which generally are contested matters involving businesses.
LDR estimates the cost of administering the amnesty program, including its share of outside legal fees, is approximately $14 million.
The program was in effect from Sept. 23 through Nov. 22 and gave eligible taxpayers the chance to bring their accounts up to date.
Taxpayers submitted applications by mail, online or at LDR customer service centers throughout the state.