NE LR464

Proposes an interim study on creating a de minimis (minimum threshold) property tax exemption for tangible personal property, examining economic rationale and approaches used by other states

Directs analysis of revenue concentration, specifically what percentage of tangible personal property tax revenue comes from the top 1%, 5%, 10%, and 20% of filers

Requires examination of county administrative costs for processing low-dollar returns (under $50 liability) compared to the revenue generated from those returns

Investigates compliance cost ratios for small businesses, measuring how much they spend on personal property tax filing versus their actual tax liability

Assigns the Revenue Committee to conduct the study and report findings and recommendations to the Legislative Council or Legislature