Colorado Lawmakers Tout Tax Amnesty

DENVER (CBS4/AP) – Colorado lawmakers are promoting a tax amnesty program they hope will bring in millions of dollars.

Delinquent taxpayers will have 45 days starting Oct. 1 to pay the state what they owe at half the interest rate and without penalty or criminal prosecution.

The program being promoted on Monday applies to individuals and businesses that still owe money on taxes due last December.

“Anyone who is eligible to take advantage of this period of tax amnesty, do the right thing, come clean be a responsible taxpayer,” said Sen. Pat Steadman, D-Denver.

Lawmakers say they hope the program will bring at least $10 million to the state’s coffers.

(TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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