LANSING (AP) – The state of Michigan so far has received roughly 9,200 applications from taxpayers during its ongoing tax amnesty program. Information submitted to the Michigan Department of Treasury must be postmarked by Thursday to be eligible for consideration under the program.
Michigan’s current budget assumes that about $88 million will be generated through amnesty, while giving delinquent taxpayers a chance to avoid penalties. Updates based on preliminary data weren’t released Monday.
Amnesty is available for individual and business taxpayers covering return periods before 2010. Most state taxes are covered including the income tax, the sales tax, the Michigan Business Tax and tobacco taxes.
Penalties would be waived for those who pay the full amount of taxes and interest owed by Thursday.
— Michigan tax amnesty program: http://mitaxamnesty.org/
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