On April 9, 2020, Gov. Pete Ricketts issued Executive Order No. 20-17, waiving late fees for personal property tax returns due to the COVID-19 pandemic. Typically, all personal property returns are due by May 1. If the returns are filed after May 1, but before June 30, then a 10 percent penalty is assessed. If the returns are filed after June 30, then a 25 percent penalty is assessed. However, under Executive Order No. 20-17, the late fees are waived until December 31, 2020.
In addition to waiving late fees, the Order also extends the deadline to file an exemption for tangible personal property from May 1, 2020 until July 15, 2020.
To read Executive Order No. 20-17 in its entirety, please click the link below.
A printable version of this information can be found by clicking HERE.
Mark L. Brasee
Neil P. Hassler
This article has been prepared for general information purposes and (1) does not create or constitute an attorney-client relationship, (2) is not intended as a solicitation, (3) is not intended to convey or constitute legal advice, and (4) is not a substitute for obtaining legal advice from a qualified attorney. Always seek professional counsel prior to taking action.