Nebraska LB803 amends property tax valuation and levy procedures, and repeals original section 77-1229.

Nebraska LB803 modifies the procedures for listing and valuing taxable tangible personal property, requiring all persons to file forms with the county assessor by May 1 each year. It also mandates that those seeking personal property exemptions must file copies of required forms with the county assessor annually. The bill repeals the original section 77-1229, Revised Statutes Cumulative Supplement, 2024.

Nebraska LB803 amends property tax valuation and levy procedures, and repeals original section 77-1229.

Nebraska LB803 modifies the procedures for listing and valuing taxable tangible personal property, requiring all persons to file forms with the county assessor by May 1 each year. It also mandates that those seeking personal property exemptions must file copies of required forms with the county assessor annually. The bill repeals the original section 77-1229, Revised Statutes Cumulative Supplement, 2024.