Penalty waiver program going gangbusters.

• Position: FTB News; Franchise Tax Board - Brief Article

The FTB said that its Penalty and Interest Waiver Program has collected $21.4 million in payments, with an additional $4 million in promises from taxpayers.

The program went into effect September 2002, with the enactment of California Revenue and Taxation Code Sec. 19444. The program's aim was to collect delinquent tax accounts that were previously thought to be high risk and prohibitively costly to pursue. The program waives...