TO: ALL COUNTY AUDITORS Bulletin No. 222
DATE: March 11, 1968
FROM: G. W. Porterfield, Tax Commissioner
RE: Penalties -Personal Property Tax Returns
When a taxpayer has failed to file a timely personal property
tax return or has failed to list in his return any item of
taxable property, penalties and additional charges, provided
by law, shall be determined and assessed as follows:
1. If a taxpayer files a return or an amended return within
60 days of the required or extended due date, a 5 percent
penalty shall apply.
2. Subsequent to the 60-day period a 50 percent penalty shall
However if the taxpayer by Petition for Reduction of Penalty
(Form 998) shows that his failure to file a return or to list
tax-able property was due to reasonable cause and not to
willful neglect, this penalty may be reduced:
a. to 5 percent, for a return filed or omitted
property listed prior to October 1st of the required tax
b. to 10 percent, for a return filed or
omitted property listed on or after October 1st of the
required tax year.
3. In every case where the above penalty provisions apply an
additional charge of 1/2 of I percent per month shall be
added for each full month from the date such property was
required to returned to the date of assessment.
The above provisions apply to 1968 and subsequent returns.
For 1967 and prior returns, the provisions of County Auditor
Bulletin No. 66 issued January 4, 1965 will apply.