Bill
Bill > LB803
summary
Introduced
01/07/2026
01/07/2026
In Committee
01/09/2026
01/09/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to revenue and taxation; to amend section 77-1229, Revised Statutes Cumulative Supplement, 2024; to change provisions relating to tangible personal property; and to repeal the original section.
AI Summary
This bill amends Section 77-1229 of the Revised Statutes Cumulative Supplement, 2024, to change provisions related to tangible personal property. Specifically, it changes the wording from "Every person" to "All persons" when referring to those required to list and value taxable tangible personal property on forms provided by the Tax Commissioner, which must be filed with the county assessor by May 1st each year. The bill also clarifies that individuals seeking exemptions under the Nebraska Advantage Act or the ImagiNE Nebraska Act must file copies of specific forms with the county assessor by May 1st to maintain their exemption, and if they also have taxable tangible personal property, they must list and value it separately. Finally, the bill repeals the original Section 77-1229.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Revenue Committee (Unicameral)
Last Action
Revenue Hearing (13:30:00 2/25/2026 Room 1524) (on 02/25/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=63336 |
| Fiscal Note for LB803 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB803_20260224-125150.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB803.pdf |
| Kauth FA432 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA432.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB803.pdf |
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