State & Local Tax Impacts of COVID-19 for Nebraska – 2020

Thoughtware Alert Published: Dec 11, 2020 | Updated: May 05, 2021

Information current as of December 31, 2020.

COVID-19 has changed life across the globe. Many taxing jurisdictions are taking mitigating actions to create social distance and aid taxpayers. The following is a running list of actions by jurisdiction, which generally result in additional time to file and/or pay. Further, many jurisdictions have closed their offices to in-person use by taxpayers and suspended their audit and administrative functions. This alert doesn’t cover similar waivers from local-level taxing authorities. These developments continue to quickly evolve; check with your BKD Trusted Advisor or visit our COVID-19 Resource Center for current information as needed.

Information Specific to Nebraska

  • Nebraska extended the due date for individual income, corporate income, and trust income tax filings and payments to July 15 from April 15. This extension includes estimated payments originally due on April 15. Taxpayers must request abatement of penalty and interest.
    • Governor’s Office, News Release, March 23, 2020.
  • Nebraska is waiving personal property tax penalty and interest waivers for taxpayers affected by COVID-19. The 10 percent penalty for filing a return after May 1, 2020, and before June 30, 2020, and the 25 percent penalty for filing a return after July 1, 2020, is waived for the rest of tax year 2020. The forfeiture of the exemption provided by the Personal Property Tax Relief Act for failure to timely report tangible personal property has been waived until July 15, 2020. Interest will be assessed on all value added to a personal property return after July 15, 2020, from the date the tax becomes delinquent.
    • Governor Pete Ricketts’ Executive Order 20-17, April 9, 2020.

For more information, reach out to your BKD Trusted Advisor or use the Contact Us form below.

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