Nebraska Administrative Code
Topic - REVENUE, DEPARTMENT OF
Title 350 - Nebraska Department of Revenue, Property Assessment Division
Chapter 52 - Documentary Stamp Tax Regulations
Section 350-52-011 - DECLARATORY RULING ON EXEMPTION
Universal Citation: 350 NE Admin Rules and Regs ch 52 ยง 011
Current through September 17, 2024
011.01 Any grantor that claims to be exempt from the tax pursuant to Reg-52-003 and has been denied such exemption by a register of deeds may, prior to filing the deed, file a written petition with the Department of Revenue for a declaratory hearing on the exemption.
011.01A A hearing
will be granted only if the grantor requests the same or the Department of
Revenue so requires. If a hearing is not granted, the ruling will be made on
the basis of the petition of the grantor and other information available to the
Department of Revenue.
011.01B The
petition of the grantor shall contain the following information:
011.01B(1) Name and address of
grantor,
011.01B(2) Name and
address of grantee,
011.01B(3)
Legal description of real property,
011.01B(4) County in which the real property
is located,
011.01B(5) Brief
statement of basis of exemption,
011.01B(6) Brief statement of reason for
register of deeds' refusal to grant exemption.
011.01C The Department of Revenue may request
additional information whenever it considers the same to be
necessary.
011.01D The declaratory
ruling when issued shall be binding between the Department of Revenue and the
grantor on the facts stated unless the ruling is altered or set aside by a
court.
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