Under a new program designed to help close Virginia's seemingly constant budget gap, Virginians who pay overdue state tax bills between now and Nov. 3 will enjoy having all penalties and half of the accrued interest on their overdue tax bills forgiven.
State officials hope to collect $48.5 million from the amnesty program, with over $7 million of those funds going towards expenses for the campaign. A taxpayer who failed to pay $500 in income taxes in 1998 now owes Virginia $846.61, but under the amnesty program the taxpayer would be forced to pay only $598.31.
Advertisements for the campaign will feature "Tax Letter Man," an actor dressed in a giant envelope, who will run through city streets yelling at delinquent taxpayers, "I know where you live."
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