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Louisville Bar Association Program Focuses on Kentucky Tax
Amnesty Program
Attorneys Can Obtain 1.0 CLE Hour Credit for Attendance on
September 20th
FRANKFORT, KY (Sept. 1, 2002) ---The
Louisville Bar Association will host a mini-course on Kentucky
Tax Amnesty for attorneys and the general public on September
20th from noon to 1 PM. The program, entitled "Get Right
With the Government-Amnesty Is the Answer," includes a box
lunch and will be held at the Louisville Bar Center at 600 W.
Main St.
Course pricing is $20.00 for members of the Louisville Bar
Association and $40.00 for non-members. A boxed sandwich lunch
or a vegetarian lunch will be available for $6.75.
Registration can be done online at www.loubar.org.
The 61-day Kentucky Tax Amnesty program began August 1 and ends
Sept. 30. Tax Amnesty includes all state taxes directly
administered by the Kentucky Revenue Cabinet. Property taxes
levied on real estate, motor vehicles and motor boats payable to
local officials are not included. The program applies to back
taxes incurred on or after Dec. 1, 1987 and prior to Dec. 1,
2001. Virtually all taxpayers are eligible to participate in the
program.
"Tax Amnesty is the Answer. This program
will generate much needed revenues for the state during these
tough economic times," Secretary of the Revenue Cabinet
Dana Mayton said. "In addition to increasing funds for the
Commonwealth, Amnesty gives taxpayers who owe back taxes an
opportunity for a fresh start."
Secretary Mayton said the two-month Amnesty
program is expected to generate $20 million in 2002 and another
$7 million in 2003. Approximately 90,000 taxpayers received
pre-filled Amnesty applications. Taxpayers eligible for Amnesty,
but who do not participate, will incur increased penalties and
fees at the conclusion of the program.
This is only the second time in Kentucky history that the state
has conducted a Tax Amnesty program. The first program conducted
in 1988 waived penalties, fees, and one-half of the interest.
The 2002 program not only waives all penalties and fees, but
also all of the interest. This Amnesty Program (House Bill 614)
was enacted during the 2002 session of the General Assembly and
was signed into law by the governor earlier this year. The 1988
program generated more than $61 million, exceeding expectations.
For more information, visit www.amnesty.ky.gov
or call the Amnesty toll-free number 1-877-ONLY-TAX
(1-877-665-9829). Amnesty applications are available at the
offices of Property Valuation Administrators and at Kentucky
Revenue Cabinet Taxpayer Service Centers throughout the state.
The applications can also be downloaded from the amnesty
website. Brochures are also available at the offices of County
Clerks.
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