Governor Baldacci and the Legislature have authorized Maine Revenue Services to conduct the Tax Receivables Reduction Initiative (TRRI). This program will allow taxpayers with tax liabilities that were assessed as of September 1, 2009 to resolve those liabilities with payment of the tax, the interest and 10% of the penalty. By making the payment and signing the TRRI application, the remaining 90% of the penalties will be waived. The program will run from September 1, 2009 to November 30, 2009. There will be no extension for payment after the final date. Applications will be sent to all qualifying taxpayers early in September and again in early November. Any collection actions administered by MRS to collect the entire debt, including setoff of State and Federal refunds, will continue until liabilities are finally resolved under the program. Any setoff amounts applied to the debt prior to the filing of the TRRI application are not subject to reduction or refund.