Michigan’s 45-day tax amnesty program generated more than $76 million in revenue for the current 2011 fiscal year, according to the Department of Treasury.
The state’s fiscal year begins Oct. 1.
The amnesty program allows for the waiver of penalties for taxpayers if they paid delinquent or unpaid taxes and interest in full within the 45-day period.
A total of 15,000 taxpayers participated this year, submitting more than 37,000 tax returns.
“Based on what is still preliminary data, the tax amnesty generated more than $62 million for the state’s general fund and another $14 million for the school aid fund this fiscal year,” Michigan Treasurer Andy Dillon said in a release.