Skip Navigation
Treasury LogoMichigan.gov, Official Portal for the State of Michigan
Michigan.gov Home
close print view

Tax Amnesty Garners $76 million

Contact:  Terry Stanton, (517) 335-2167 join our list serv

July 21, 2011

MBT, Income, and Sales Taxes Generate Most Amnesty Revenue

Michigan's 45-day Tax Amnesty program, which ended June 30, 2011, generated more than $76 million in revenue for the current fiscal year (2011) budget, according to preliminary data from the Michigan Department of Treasury. "While Treasury will not have a final analysis for several weeks yet, I am very pleased with the success of the 2011 Tax Amnesty program," said State Treasurer Andy Dillon. "Based on what is still preliminary data, Tax Amnesty generated more than $62 million for the state's general fund and another $14 million for the school aid fund this fiscal year."

Under Tax Amnesty, qualifying taxpayers had penalties waived if they paid unpaid or delinquent state taxes and interest, in full, within the 45-day period. In all, more than 15,000 different taxpayers submitted Tax Amnesty applications, involving more than 37,000 tax returns.

Amnesty applications related to the Michigan Business Tax generated the most revenue and interest at more than $23 million from approximately 2,600 MBT returns. Nearly 15,000 Individual Income Tax returns accounted for approximately $19 million in tax and interest with more than 9,000 Sales Tax returns garnering another $17.8 million in taxes and interest.

The Department of Treasury will release a complete analysis of the Tax Amnesty program later this year.

# # #

Related Content
 •  Gov. Snyder confirms financial emergency in Lincoln Park
 •  State Treasurer Signs Consent Agreement with Royal Oak Township
 •  Transition to Local Control Continues in Pontiac
 •  April 15th is Tax Day
 •  Gov. Snyder determines financial emergency in Lincoln Park
 •  Michigan Finance Authority Issues $150 Million in Bonds for School Loan Revolving Fund
 •  529 College Savings Accounts Reach Record Levels in 2013
 •  Strategic Fund Bond Issue Receives Strong Investor Demand
 •  Review Team Finds ?Financial Emergency' in City of Lincoln Park
 •  Competitive Grant Assistance Program Grants Awarded
 •  Income Tax returns due in two weeks
 •  Unclaimed Property Auction Set For this Weekend
 •  Gov. Snyder confirms financial emergency in Royal Oak Township
 •  Internet Shoppers Reminded to Report Use Tax on MI 1040 Tax Return
 •  ELB Approves Sale of Surplus DPS Property
 •  Review team appointed to examine Lincoln Park finances
 •  Gov. Snyder determines financial emergencies in Royal Oak Township, city of Highland Park
 •  Review Teams Finds 'Financial Emergencies' in Royal Oak Township and City of Highland Park
 •  Administration, Fiscal Agencies Reach Revenue Consensus for Remainder of Fiscal Year 2014, FYs '15 and '16
 •  Disabled Veterans Reminded to Contact Local Municipality to Qualify for Property Tax Exemption
QR code

Michigan.gov Home
PoliciesMichigan NewsMichigan.gov Survey

Copyright © 2001-2014 State of Michigan