New York State Tax Shelter Voluntary Compliance Initiative

Pursuant to Chapter 61 of the Laws of 2005, enacted in support of the 2005-06 Executive Budget, the Department of Taxation and Finance conducted a Voluntary Compliance Initiative (VCI) beginning October 1, 2005 and ending March 1, 2006.  This report, a requirement of the legislation, provides data for gross collections and Department expenditures for the program, as well as estimates of accelerated and net revenues resulting from the program.  The report also describes the program's notification and outreach activities employed by the Department.

The following report can be downloaded and saved in pdf format. To view and print our pdf reports, you need an installed copy of the Adobe Acrobat Reader -- which is available for free. 

October 1, 2005 through March 1, 2006 (pdf)