Executive Order 20-17
by Governor Ricketts
NOTICE Nebraska Personal Property Return and Schedule Due
On or Before May 1, 2020
You must file a personal property return if you own or lease depreciable tangible personal property on January 1, 2020. If you received a reminder postcard in the mail from our office, you or your accountant may file online at www.personalpropertyonline.us
If you are filing a schedule for the first time you may obtain a blank schedule from www.revenue.ne.gov/pad/
If you prefer assistance from your accountant, we will accept their filing. Your federal depreciation worksheet MUST be attached to your online filing. Otherwise, please mail the federal depreciation worksheet to our office or call for assistance.
*NOTICE: Due to the impact of the COVID-19 virus and the measures taken to help limit its spread throughout the state, Governor Ricketts issued Executive Order No. 20-17. This Executive Order waives both the 10% penalty on the tax due for personal property returns that are filed or amended after May 1, 2020, but on or before June 30, 2020, and the 25% penalty on the tax due for returns that are filed or amended after July 1, 2020.
The Executive Order also provides for the exemption for personal property returns filed or amended after May 1, 2020 and on or before July 15, 2020. Returns or value added to a return after July 15, 2020, are not eligible for the $10,000 personal property exemption. Paragraph 4 of the Executive Order clarifies that while penalties will not be imposed on returns filed or amended after July 15, 2020, interest will still be assessed on any tax owed from the date it becomes delinquent on April 1, 2021, May 1, 2021, etc. While the provisions of the Executive Order waive penalties for late filings and provide for extended personal property exemption eligibility, the deadline to file a personal property return remains May 1, 2020.
In summary, personal property returns are due May 1, 2020, however, all penalties have been waived for tax year 2020, all personal property returns filed on or before July 15, 2020 are eligible for the personal property tax exemption, and interest will still be assessed to any amount of tax owed that has become delinquent in 2021. Any late filings after July 15, 2020 are waived for 2020.
If you have any questions regarding personal property assessment or Personal Property Tax Relief Act, please call our office at (308)284-8040. Office hours are Monday through Friday 8 a.m.-4 p.m. with the exception of Holidays. The office is currently closed to the public, however, phone calls are accepted for your convenience.
Renae Zink, Keith County Assessor