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West Virginia officials hope tax amnesty will pay off.

The Charleston Gazette (Charleston, WV)

| July 22, 2004 | (Hide copyright information)Copyright

Byline: Tom Searls

Jul. 22--West Virginia officials hope to bring in $10 million from unpaid taxes in a two-month amnesty period later this year.

The amnesty will be from Sept. 1 through Nov. 1, allowing individuals and businesses to get a break on penalties and interest. Taxpayers who apply to settle delinquent taxes by Nov. 1 will get a 50 percent break on accrued interest, and will have any penalties -- including any possible criminal charges -- waived.

"This is an excellent opportunity to settle with the state if you owe back taxes," Gov. Bob Wise said in a press release Wednesday. "Your interest will be reduced and other penalties will be …

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