Earlier property tax filing deadline advanced

Lawmakers advanced a bill Feb. 7 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.

Hadley said the bill would help assessors have the information they need to set appropriate tax rates.

“This still gives individuals and businesses six months to file their statements,” Hadley said. “We’re trying to get people to file their personal property filings on time.”

The bill advanced to select file on a 35-0 vote.