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BETTER THAN AN AMNESTY, DUDE

September 10, 2007

Iowa has a tax amnesty in progress. Qualifying taxpayers can pay delinquent taxes without penalty, and at only half the normal interest rate.

One of the taxes qualifying for the amnesty is Iowa's drug stamp tax. People in possession of illegal drugs are required to puchase revenue stamps for the drugs they aren't supposed to have. It really functions as a severe financial penalty for drug possession. The nice folks at the Iowa Department of Revenue even provide on the web a handy mail-in form to buy the stamps (marijuana - $5 per gram!). Be sure to use a good friend's return address.

Tennessee had a similar tax, but narcotics afficianados in the Volunteer State caught a break last week when the Tennessee Supreme Court struck down the tax. The TaxProf has details, and Taxable Talk is also on the case.

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