Tax amnesty brings in double its goal
Delaware Gov. Jack Markell says a "one-time tax amnesty program" through Oct. 30 has raised $15 million so far and has secured promises raising the total to $22 million by June from 14,000 delinquent accounts, more than double its $10 million target
Delaware Gov. Jack Markell says a "one-time tax amnesty program" through Oct. 30 has raised $15 million so far and has secured promises raising the total to $22 million by June from 14,000 delinquent accounts, more than double its $10 million target. He credited Sallie Mae Corp.'s General Revenue Corp. division, which is collecting the money for the state.
Jack Hewes, who runs Sallie Mae's new Delaware office, in a statement praised Markell's decision to "outsource" the work. The contract boosted Sallie Mae's efforts to diversify as Congress weighs cuts to the taxpayer-subsidized private student loan business.
Acting Delaware finance secretary Tom Cook said the amnesty is now over, and "the State is going to vigorously work to collect unpaid taxes," and penalties, "from those who did not come forward."