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NE LB803

Bill

Official Source

Status

Introduced

1/7/2026

Primary Sponsor

Revenue Committee

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • Amends Section 77-1229 to change "Every person" to "All persons" regarding who must list and value taxable tangible personal property with the county assessor
  • Tangible personal property must be listed on Tax Commissioner-prescribed forms and filed with the county assessor on or before May 1 of each year
  • Persons seeking personal property exemptions under the Nebraska Advantage Act or ImagiNE Nebraska Act must annually file required forms with the county assessor by May 1
  • Failure to timely file exemption forms results in forfeiture of the exemption for that tax year
  • Introduced January 7, 2026 by the Revenue Committee (von Gillern, Bostar, Jacobson, Kauth, Murman)

Legislative Description

Change provisions relating to the listing of taxable tangible personal property

Last Action

Revenue priority bill

2/18/2026

Committee Referrals

Revenue1/9/2026

Full Bill Text

No bill text available