Bill > LB1389

This bill proposes to amend Nebraska's property tax laws to provide a personal property tax exemption for broadband equipment. Specifically, the bill exempts broadband equipment from property taxes if it is deployed in areas funded by the federal Broadband Equity, Access, and Deployment Program or in qualified census tracts within a metropolitan city where the broadband service provides internet speeds of at least 100 megabits per second for both downloading and uploading. Owners of the eligible broadband equipment must apply for the exemption with the county assessor, who will approve the application if the criteria are met. The bill defines "broadband equipment" broadly to include various types of machinery and equipment used to provide broadband internet service.