Not entirely a tax amnesty, in that the taxes were forgiven, but that businesses (and it was basically business involved here) could pay up without risk of being legally at risk … may have helped out Washington in a big way.
How much? When the Washington legislature approved the idea of an amnesty period, the estimate was $24 million. What the state actually got from businesses that hadn’t paid up? $321 million – more than 10 times as much.
That’s actually been dampening talk of a second special Washington legislative session. Governor Chris Gregoire: “With this information, they can go home.”
Maybe some others might try the same thing, and see what they pull in.Share on Facebook