NE LB315

Establishes January 1, 2026 as the sunset date for biennial reporting requirements and occupation taxes currently imposed on domestic and foreign corporations registered in Nebraska

Eliminates the requirement for corporations to file biennial reports with the Secretary of State and pay occupation taxes based on paid-up capital stock after the sunset date

Occupation taxes range from $26 for corporations with capital stock up to $10,000 to $23,990 for corporations exceeding $100 million in paid-up capital stock; foreign corporations pay double rates capped at $30,000

Removes the administrative dissolution penalty for domestic corporations and revocation of authority for foreign corporations that fail to file reports and pay occupation taxes after January 1, 2026

Amends seven sections of the Reissue Revised Statutes of Nebraska (21-301, 21-303, 21-304, 21-306, 21-313, 21-323, and 21-325) to implement the sunset provisions