Friday, February 10, 2017
Annual Survey of Income and Expense (ASIE) forms - A Reprieve From Penalties
Nassau County commercial property taxpayers won a reprieve from the penalties for failing to file the Annual Survey of Income and Expense (ASIE) forms with the Assessor.
The Court extended a restraining order barring Nassau County from enforcing hundreds of thousands of dollars of penalties against County businesses that were fined for allegedly not filing required financial reports with the County Assessor.
Nassau had warned commercial property owners in December that it would turn the fines into liens, accruing 12 percent interest annually.