DRS: Tax Department Targets $75m In Enhanced Collections

Tax Department Targets $75m In Enhanced Collections

 

For Immediate Release:
Monday, May 5, 2014

 

Hartford - Following the success of the $193 million state tax amnesty in 2013, the Department of Revenue Services (DRS) will roll out a new initiative during the next fiscal year. The initiative includes expanded collections and tax gap reductions estimated to produce at least $75 million that is owed to the state.  Significant results are not expected until the last half of the fiscal year.

 

Said DRS Commissioner Kevin Sullivan, “This is a new, focused collection initiative.  It is not another tax amnesty but grows out of analysis of the recent amnesty, as well as our reallocation of resources to smarter collection strategies, and a modest additional appropriation.”

 

Commissioner Sullivan said the new DRS initiative, as included in the state budget for fiscal 2015, has two parts:

  • Enhanced collections will result from working with taxpayers that were not eligible for the 2013 tax amnesty or did not take advantage of it, pursuing non-filers, and resolving disputed tax shifting resulting from business transfer payments.
  • Various efforts will focus on closing the tax gap through expanded federal and interstate tax data matching, responsible person billing for businesses not remitting or not filing taxes, increased interagency data matching, expanded interagency tax clearances and offsets against state payments, and tax fraud reduction.     

Added Commissioner Sullivan, “This is not about increasing taxes or making it harder for individual or business taxpayers.  It is just another example of our continuing efforts to work smarter at DRS.”

 

For more information about Connecticut taxes, visit the DRS website at www.ct.gov/DRS.

 

Media calls should be directed to the communications office at (860)297-5610 or emailed to sarah.kaufman@po.state.ct.us.

 

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Content Last Modified on 5/5/2014 3:14:55 PM