As a reminder, the Penalty and Interest Discount (PAID) program gives taxpayers with older unpaid bills the chance to save up to 80% of the penalty and interest they owe.
One can save:
- 80% of accrued penalty and interest on unpaid bills issued on or before December 31, 2003
- 50% of accrued penalty and interest on unpaid bills issued after December 31, 2003 and on or before December 31, 2006.
To take advantage of the program's savings, you must make all payments by March 15, 2010. If you don't pay in full by that date:
- your opportunity for these savings will be lost forever
- any unpaid tax debts will continue to accrue interest at the full statutory rate.
Invitations to taxpayers eligible for PAID were sent in January. Eligible taxpayers who didn't receive a notice because they couldn't be reached through the mail can still participate. See the Web site to learn how to get PAID up.