RD205 - 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 FY06, 173,630 individual claims totaling $22,408,540 were paid at an estimated cost of $502,862. The average cost per claim was $2.89 and the average claim was $129.05. The Setoff Debt Collection program continues to be a cost efficient and effective means of collecting delinquent state and local revenues.