FRANKFORT, Ky. - An offer of tax amnesty in Kentucky was a factor in a significant rise in General Fund revenue in November, according to the state's budget chief.
Budget director Mary Lassiter said revenue rose 7.6 percent to $784.2 million, largely the result of 16.4 percent jump in property tax collections.
Individual income tax revenue increased by 10.7 percent and sales tax receipts rose by 4.6 percent for the month.
Lassiter credited a growing state economy and the amnesty offer, which allowed delinquent taxpayers to pay up without the fear of prosecution, for the General Fund growth.
"Early indications are that the amnesty initiative was successful and well-utilized," Lassiter said in a statement. "The total impact of tax amnesty won't be finalized until spring, as many taxpayers opted to pay their back taxes over several months."
Some 16,000 delinquent taxpayers had accepted the amnesty offer by the time it expired on Nov. 30.
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