Ohio Tax Lien Program Recovers Nearly $11M
COLUMBUS, Ohio -- An agent tax lien program has collected or set up payment plans for nearly $11 million in unpaid income tax, sales tax and workers compensation premium payments for the Ohio Department of Insurance, Lt. Gov. Mary Taylor reports. To date, the tax lien program has either collected or set up payment plans with agents for amounts totaling $10,831,363.
Taylor, who introduced the program in May 2011, also serves as director of the state insurance department.
“The program was created to find and recover money owed to the state of Ohio and taxpayers,” Taylor said in a statement. “Working with our partners at the Department of Taxation and the office of the attorney general, we have been able to initiate the recovery of millions of dollars, but will continue to aggressively pursue any and all unpaid taxes.”
The program will continue as the Department of Insurance reviews renewal applications to make sure agents are in compliance, Taylor said. If an agent has an outstanding judgment lien filed against him or his organization, administrative action may be taken against the agent’s license.
Ohio law says penalties may include revoking, suspending, or refusing to issue an insurance license and civil penalties if an agent or agency fails to comply with any official invoice, notice, assessment, or order directing payment of state income tax, state sales tax or worker’s compensation premiums.
Published by The Business Journal, Youngstown, Ohio.
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