Tax Amnesty Nets Phoenix Promises to Pay $1 Million in Late Taxes
The first month of amnesty for businesses with delinquent tax bills netted the city of Phoenix $1 million. Sort of.
The 190 businesses that took advantage of the program through May 15 promised to send their share of sales to Phoenix over the next six months. We'll see how much change actually falls in the net.
Businesses owe more than $5 million in taxes, based on returns that were filed but not paid, says the city.
Phoenix hopes to collect another million bucks by June 15, the end-date of the amnesty.
Meanwhile, the city is fighting a court battle to give away $97 million in tax subsidies to the CityNorth development.
Maybe if we'd studied harder in economics class, this would all make sense.
Get the ICYMI: Today's Top Stories Newsletter
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Phoenix, delivered to your inbox Monday through Friday.