NE LB757

Exempts aircraft purchases from Nebraska sales and use tax when the aircraft is leased between related companies (parent-subsidiary or brother-sister companies)

Requires annual gross lease receipts to equal at least 7.5% of the aircraft's net acquisition price to qualify for the exemption

Net acquisition price includes value of any trade or exchange but excludes third-party sales commissions

Sales tax must still be collected and remitted on the lease payments themselves

Becomes operative on October 1, 2026