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Jun 3, 2011 8:24 AM by Kate Richards

Tax Amnesty

DENVER (AP) - A 60-day tax amnesty allowing people to catch up on overdue taxes while saving some fines and penalties is waiting for the governor's pen in Colorado.

Gov. John Hickenlooper planned to sign the measure into law Friday. He planned to join legislative budget writers to laud the amnesty, a 60-day period from August to September that will allow anyone who owes taxes prior to this year to pay what they owe and have penalties forgiven. Delinquent taxes paid in full during the amnesty period will be assessed interest at one-half the normal rate.

Sponsors say the amnesty could raise some $15 million. The money will go to the State Education Fund.

Hickenlooper also planned to sign a bill increasing local oversight of proposed electric transmission facilities.

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