In response to the COVID-19 outbreak, California, along with numerous other states and other filing jurisdictions, will allow taxpayers to defer payments and waive penalties associated with Business Personal Property Taxes (BPP). On the State / County / Local levels, there are many resources available to taxpayers who act timely.

CALIFORNIA BUSINESS PERSONAL PROPERTY TAX PENALTY WAIVER REQUESTS
By law, all businesses in California must pay their BPP Tax with their County Assessor by August 31st annually. Typically, businesses face a 10% penalty if they do not meet the specified due date for payment. However, Governor Newsom’s recent Executive Order N-61-20 allows California Assessor’s Offices to permit taxpayers to pay their 2020 BPP taxes after August 31st, 2020 under certain conditions. No penalty or interest will be imposed upon a taxpayer if the taxpayer complies with the following:
1) Pays their 2020 BPP Taxes on or before May 6th, 2021.
2) Files the Unsecured Property Tax Penalty Waiver Request for COVID-19 on or before May 6th, 2021.
3) Provide proof that the taxpayer has been economically impacted by the COVID-19 emergency.

Filing the property tax penalty waiver request may provide relief from penalties and interest to eligible individuals or businesses economically impacted by the COVID-19 emergency. Due to the rapidly changing nature of state guidance related to the COVID-19 virus, this alert addresses updates as of August 24th, 2020.

For further information please contact Javier Ramirez at [email protected]