RD137 - Annual Report on the Cost of Administering the Set-off Debt Collection Program


Executive Summary:
Section 58.1-531 of the "Code of Virginia," requires the Department of Taxation to report annually the costs associated with administering the Setoff Debt Collection Program. During FY05, 245,874 individual claims totaling $23,888,293 were paid at an estimated cost of $442,723. The average cost per claim was $1.80 and the average claim was $97.16. The Setoff Debt Collection program continues to be a cost efficient and effective means of collecting delinquent state and local revenues.