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Newport News Now

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Newport News Now is a daily e-newsletter that launched in March 2016. Articles that ran in our newsletter between March 2016 and March 2018 are available on these pages. Newsletters produced beginning in April 2018 can be viewed on our new daily newsletter page.

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Sep 19

Governor McAuliffe Announces Statewide Tax Amnesty

Posted on September 19, 2017 at 10:01 AM by Communications Department

Taxpayers and Business Avoid Penalties for Late Tax Payments

Last week, Governor Terry McAuliffe announced the start of the 2017 Virginia Tax Amnesty Program.  The program provides delinquent individual and business taxpayers the opportunity to pay back taxes with no penalties and half the interest until  November 14. This amnesty period provides most individuals, corporations, estates, trusts, and partnerships that have failed to pay taxes an opportunity to easily settle their tax obligations with the Commonwealth at a reduced cost. At the conclusion of the amnesty period, an additional 20% penalty will be assessed on any remaining amnesty-qualified liabilities.  

Taxpayers who are eligible for amnesty will receive a notice through the mail, however, anyone who owes back taxes may be eligible and should contact the Virginia Department of Taxation. Approximately 300,000 notices are being mailed to households and businesses with outstanding tax bills. The average delinquent tax bill is $4,830. Approved by the 2017 General Assembly, the program assumes collection of $89.5 million for the general fund to support education, health, and public safety, as well as provide a cash reserve.

This is Virginia’s fourth tax amnesty program; previous programs were conducted in 1990, 2003, and 2009. Additional details about this tax amnesty program are available at www.tax.virginia.gov/amnest or by calling 1.877.PAY.VTAX.

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