As part of the 2016 Budget-passed by City Council on October 28, 2015-the City of Chicago is offering a Debt Relief Program to individuals and businesses that owe eligible debt to the City. The Debt Relief Program provides individuals and businesses the opportunity to resolve outstanding debt and avoid further costs and collection activity.
When is the Debt Relief Program?
The program will be offered from November 15, 2015 through December 31, 2015.
Which tax debt is eligible for the Debt Relief Program?
Unregistered Taxpayer or Unregistered Tax Collector Debt: Tax liability for tax periods prior to January 1, 2012, for any taxpayer or tax collector who is not currently registered with the City of Chicago for the tax.
Final Tax Assessment Debt: Tax assessments issued prior to January 1, 2012, where the taxpayer failed to respond to the Department of Finance's findings that taxes were owed.
Real Property Transfer Tax Debt: Real property transfers that took place prior to January 1, 2012.
What is the benefit of participation?
Interest and penalties will be waived for tax periods prior to January 1, 2012 for eligible debts which are paid in full during the Debt Relief period.
Please visit the City Of Chicago Website for more information.
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