Earlier property tax filing deadline proposed

The Revenue Committee heard testimony Jan. 25 on a bill that would change the late filing date for personal property tax returns.

Currently, taxpayers must meet a July 31 deadline for late personal property tax filings. LB28, introduced by Kearney Sen. Galen Hadley, would change the deadline to June 30. Taxpayers missing the deadline would face a penalty of 25 percent of the tax on the value added.

“The primary reason for bringing this bill is to give county assessors more time to get their job done,” he said.

Seward County assessor Marilyn Hladky supported the bill, saying it would allow for a more efficient process without placing unnecessary constraints on taxpayers.

“This still gives individuals and businesses six months to finalize their schedules,” Hladky said.

No one testified in opposition and the committee took no immediate action on the bill.