Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: TUESDAY, May 22, 1990 TAG: 9005220543 SECTION: VIRGINIA PAGE: B-3 EDITION: EVENING SOURCE: DATELINE: RICHMOND LENGTH: Short
Virginia took in $32.2 million in overdue taxes during the two-month amnesty period that ended March 31, state Tax Commissioner William Forst told the House Appropriations Committee.
At their monthly meeting, committee members heard that general revenue collection continues to lag behind state estimates for the year's intake.
The state's revised budget calls for 1989-1990 revenue to grow 5.2 percent over last year. But through April, revenue had risen just 2.8 percent.
Under the tax amnesty program, the state promised that delinquent taxpayers could avoid hefty penalties if they paid back taxes and interest promptly. More than 25,000 people paid up.
- Associated Press
by CNB