Illinois on Track to Reach $240 Million Tax Amnesty Target

Illinois’s six-week tax amnesty program finished on Monday, but preliminary collection totals suggest the state could outstrip its initial revenue estimate of $240 million, the state’s top tax official said.

Department of Revenue director David Harris said the state had collected $180 million from 32,000 individuals and 1,900 businesses under the general tax amnesty program as of late last week. But he predicted Illinois would meet or exceed the $240 million projection because delinquent taxpayers tend to crowd into such programs at the last minute and final collections take time to process.

“At the end of the last tax amnesty ...