Have any unpaid tax bills lying around? Starting Monday, the city will be running an amnesty program for those who owe the city back taxes.
Set to last 54 days, the amnesty program is open to any individuals or businesses that owe taxes to the city or School District originally due any time between February 1, 1986 and June 30, 2009. If you pay up in full, you won’t have to pay any penalties and the interest will be cut in half.
The city is owed $1 billion in back taxes. Officials expect to make between $25 and $30 million through the amnesty, after they pay the program expenses.
The last time the city did an amnesty program was in 1986.