Nebraska Administrative Code
Topic - REVENUE, DEPARTMENT OF
Title 350 - Nebraska Department of Revenue, Property Assessment Division
Chapter 20 - Personal Property Regulations
Section 350-20-004 - PERSONAL PROPERTY SITUS
Universal Citation: 350 NE Admin Rules and Regs ch 20 ยง 004
Current through September 17, 2024
004.01 Taxable commercial, agricultural, or other business personal property shall be listed and assessed at the location of the business, unless the property has acquired situs elsewhere. For purposes of these regulations, an item of taxable personal property will be deemed to have acquired situs elsewhere if it is kept in a location, other than the location of the business, for the greater portion of the calendar year.
004.01A The situs of aircraft shall be where
it is stored for the greater portion of the calendar year.
004.01B The situs of unlicensed motor
vehicles and recreational vehicles shall be where they are stored for the
greater portion of the calendar year.
004.01C Personal property in transit or so
mobile as to not have acquired local situs elsewhere shall have situs at the
location of the business.
004.01D
The situs of property of an estate shall be where the property was subject to
taxation on the date of death of the deceased.
004.01E The situs of the personal property of
a lessee shall be deemed to be the same as other personal property of the
lessee.
004.02 Questions that may arise as to the proper situs of personal property shall be determined as follows:
004.02A If between several places
in the same county, the situs shall be determined by the county
board.
Disclaimer: These regulations may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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