Louisiana raked in the needed $200 million from its amnesty period for delinquent taxpayers to keep the state's operating budget balanced, the revenue department announced Monday.
BATON ROUGE, La. (AP) — Louisiana raked in the needed $200 million from its amnesty period for delinquent taxpayers to keep the state's operating budget balanced, the revenue department announced Monday.
The success of the program, which stopped taking applications last week, will keep lawmakers and Gov. Bobby Jindal from scrambling in the second half of the 2013-14 fiscal year to rework the state's $25.4 billion budget.
"Based on applications and payments processed as of this morning, we have met the $200 million goal," Revenue Secretary Tim Barfield said in a statement Monday.
Lawmakers used the money anticipated to be collected in back-owed taxes to pay for health care services for the poor, elderly and disabled in Louisiana's Medicaid program. If the amnesty collections hadn't reached that mark, the budget hole would have been large, because the amnesty dollars were used to draw down federal Medicaid matching money.
Not only will the state's budget stay on track, but lawmakers and the Jindal administration will have additional money to spend. The revenue department expects to surpass $200 million in collections of back-owed taxes.
"We expect that number to grow as we receive and process applications and payments submitted in the final days and hours of the amnesty program," Barfield said.
From September until Friday, delinquent taxpayers were able to get caught up on their tax bills without any penalties and with only half the interest charges they would have otherwise owed on the debt.
The program covered most taxes administered by the Department of Revenue.
The department didn't release detailed figures, instead focusing solely on the good news for the state's budget and indicating that the tally of how much was paid wasn't yet complete.
Before the amnesty period, 443,000 taxpayers owed $1.4 billion in unpaid taxes, while another 3,000 businesses or wealthy individuals owed $1.1 billion and were involved in audits or litigation with the Department of Revenue. Both groups were eligible for amnesty.
The state will offer two additional one-month amnesty periods in 2014 and 2015, but with less generous terms. Louisiana has offered similar programs five other times, the most recent in 2001 and 2009.
The last amnesty program brought in $483 million from more than 40,000 delinquent taxpayers, with 85 percent of that coming from 600 taxpayers seeking to settle outstanding audit issues or lawsuits with the department.
Wednesday's Blogs from the Bog!
Ads promote moderation; Obama says Ebola security threat; Peterson on exempt list and more national and international news for Wednesday, September 17, 2014.
An obvious follow-up question for any Republican politician who accuses Democrats of being science deniers is one about science, to which Jindal bobbed and weaved like a welterweight champ.
The Lafayette City-Parish Council is expected to decide tonight (Tuesday) whether to go along with a proposal City-Parish President Joey Durel made in February’s State of the Parish Address and consolidate taxes for mosquito control and the parish health units into a broader tax program that would also cover animal control.
U.S. District Judge Richard Haik has dismissed Greg Davis’ lawsuit against the LPSB, yet in his ruling, the federal judge doesn’t bite his tongue in pointing out the "threat" being posed by certain board members.
Of all the political offices being contested throughout Lafayette Parish, the race for Broussard’s top police post has literally become one of the most heated.
A state district judge is deciding whether to issue an injunction against the enforcement of a last-minute retirement hike that lawmakers gave to the state police superintendent.
A new website is up for Louisiana's state government employees and retirees to choose their health insurance plans for next year, a choice they must make by October.
That fact that New Orleans led both games in the final 10 seconds of regulation, and lost each by a field goal or less, is of little solace.
The superintendent will make another go at getting a budget passed for the already commenced fiscal year as the LPSB is slated to meet tonight on the eve of the state’s budget adoption deadline.
A person familiar with the situation says New Orleans Saints running back Mark Ingram has a broken hand.
It seeks an investigation into a $100,000 fund transfer from Vitter's federal campaign account to an independent PAC supporting Vitter's 2015 candidacy for governor.
Landrieu has acknowledged that she improperly billed her Senate office for nearly $43,000 in charter costs that should have been paid from her campaign account.
House District 45 Rep. Joel Robideaux is term-limited and running for city-parish president next year, leaving his seat up for grabs come 2015 and at least three likely contenders so far, including ...
When the Browns explained their plans to Brian Hoyer about bringing rookie Johnny Manziel into the game, Cleveland's starting quarterback bit his lip and devised one of his own.
National debate over solitary confinement puts spotlight on Angola inmate’s 35 years in ‘the hole’
If you didn’t know Alison, Sheriff Mike Neustrom’s 42-year-old daughter who died Wednesday after battling cancer for a year, you missed out on something really special.
Asserting that the LPSB's taxpayer-funded report on the results of the superintendent investigation is a public record, TDA's executive editor takes the gloves off.
Tyson Dupuis accumulated three OWI arrests in less than 10 years, with his most recent resulting in the death of an 18-year-old Crowley woman in 2011, yet his punishment would only amount to a year in prison.
Hugh Freeze has firsthand knowledge of the Sun Belt Conference, having coached at Arkansas State in 2011 before moving on to Mississippi.
A federal grand jury has charged a 56-year-old Lafayette man with income tax fraud for allegedly failing to report hundreds of thousands of dollars in income.
The LPSB voted 6-3 to accept charges against Superintendent Pat Cooper and pave the way for his upcoming termination hearing.
The timing of U.S. District Judge Richard Haik's semi-retirement paves the way for a Dem, and perhaps the first African American, to serve the Western District.
After months of clamoring for Superintendent Pat Cooper’s job, the LPSB will get its chance this afternoon to get the ball rolling with a special meeting at 2:30 p.m.
Voters trying to sift through the details of 14 constitutional amendments on the Nov. 4 ballot have a guide they can consult.