IOS expecting a significant tax refund

Inspection Oilfield Services/PCI/Castronics (IOS) found a resolution, correction and refund to their 2015 personal property tax at the Tax Equalization and Review Commission (TERC) in Grand Island earlier this summer. The total amount of refund due to the company is $41,012.32.

According to Kimball County Treasurer, Diana Quicke, there are fifteen separate subdivisions in Kimball County that are legally bound to refund IOS within 30 days of written notice and by Sept. 15, 2016.

Rebates from county departments are as follows: $7,844.09 from the General fund; $599.45 from the Ambulance fund; $18,017.33 from the General School fund and $610.12 from the school building fund; $268.67 from ESU 13 General fund and $26.71 from the ESU 13 bond fund; $1,427.81 from WNCC General fund and $372.84 from their building fund; $919.46 from the SPNRD; $7,452.76 from the Kimball City General fund and $2,523.50 from the city building fund; $333.14 from the General Airport fund and $422.34 from the Airport Bond; $162.70 from the Ag Society and finally $31.40 from the Historical Society.

In a copy of a correspondence from Quicke to the Kimball County Commissioners, Quicke informed each subdivision that, “If sufficient funds are not available and payment of this refund would create a hardship, you may file a hardship resolution and submit a written payment plan.”

That submission must be made to the treasurer. The hardship repayment plan could not exceed a maximum of five equal payments, paid within a five-year period beginning Jan. 15, 2017, however, the treasurer must receive that payment plan no later than Sept. 15.

At this time, no subdivisions have requested the hardship repayment plan and all payments are currently expected to be repaid in a timely manner, therefore concluding the repayment of IOS over charge in personal property tax by the county.