Plan for electronic tax levy pilot program approved

Senators passed a bill Feb. 7 that authorizes the state tax commissioner to electronically file levies against personal property.

LB33, introduced by Kearney Sen. Galen Hadley, authorizes the state Department of Revenue to contract with in-state financial institutions for an electronic levy pilot project.

The bill also makes a number of changes, including:
• allowing the department to waive the traditional three-year statutory lien period when a taxpayer has entered into an agreement to satisfy an overdue tax liability;
• repealing the individual income tax return checkoff for contributions to the Campaign Finance Limitation Cash Fund; and
• authorizing the imposition of a 25 percent penalty for filing a late tobacco products tax return.

Senators passed the bill on a 42-0 vote.