LB315

Nebraska LB315 sets a sunset date for biennial reports and occupation taxes on domestic and foreign corporations.

Nebraska LB315 amends the requirements for biennial reports and occupation taxes on domestic and foreign corporations. It mandates that these corporations submit a biennial report and pay an occupation tax by March 1 of each even-numbered year before January 1, 2026. Failure to comply by April 15 of each even-numbered year before January 1, 2026, results in administrative dissolution for domestic corporations and administrative revocation of business authority for foreign corporations. The bill also specifies the occupation tax rates based on the paid-up capital stock of the corporations.