Title
Vote on a Request to Adopt a Resolution Authorizing Electronic Filing of Personal Property Tax and Extending the Business Personal Property Tax Listing Period to April 15th.
Abstract
Action Requested: Vote on a request to adopt a resolution to permit electronic listing of personal property and to extend the business personal property tax listing period to April 15th.
Introduction & Background:
Electronic Listing: NCGS 105-310.1 authorizes Counties to permit electronic listing of personal property in accordance with the NC Department of Revenue electronic listing standards and requirements. By filing electronically, taxpayer information will automatically be entered into the County's tax system thus saving time on processing tax listing forms. Taxpayers will also be able to request filing extensions on line.
Business Personal Property Tax Listing Period: The County has established March 15th as the latest date to file business personal property information without penalties. General Statutes allow the listing period to be extended to April 15th. The filing deadline for federal tax returns is April 15th. In order to more align with the federal tax filing deadline and with the allowable extension deadline allowed by the State, we are requesting that the Commissioners approve the County extension deadline to be changed to April 15th.
Current dates for filing Business Personal Property listings.
By General Statute Taxpayers must file their business personal property listing by January 31st.
Before January 31st Taxpayers may request an extension to delay filing until March 16th.
After March 16th any listing will be subject to late list penalties.
Proposed dates for filing Business Personal Property listings.
By General Statute Taxpayers must file their business personal property listing by January 31st.
Before January 31st Taxpayers may request an extension to delay filing until April 15th which will is the latest date allowed by Gen...
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