Thu January 27, 2011
Mo. lawmakers considering 2 tax amnesty proposals
Missouri lawmakers are considering two different options for enticing people to pay overdue taxes.
A tax amnesty proposal presented Thursday to a House committee by Republican Rep. Tom Flanigan, of Carthage, would waive all interest and penalties for delinquent taxpayers who pay up between Aug. 1 and Oct. 31.
A version backed by Democratic Gov. Jay Nixon would waive all penalties but only half the interest, and it would apply only to delinquent taxpayers from whom the Department of Revenue was not already trying to collect money. The governor's plan is sponsored by Democratic Rep. Chris Kelly, of Columbia.
Nixon's plan is projected to bring in $31 million. Flanigan believes his plan would bring in more money, though a Revenue Department official questioned that assertion Thursday.