Nebraska Acquisition Worksheet
Description
How to fill out Acquisition Worksheet?
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FAQ
History - The motor vehicle tax replaced the property tax levied on motor vehicles beginning January 1, 1998.
The Nebraska homestead exemption program is a property tax relief program for six categories of homeowners: 1. Persons over age 65 (see page 8); 2. Veterans totally disabled by a nonservice-connected accident or illness (see page 8); 3.
The Personal Property Tax Relief Act allows for an exemption of the first $10,000 of value of taxable tangible personal property in each tax district in which a Personal Property Return is filed.
Personal Property - Any property other than real estate. The distinguishing factor between personal property and real property is that personal property is movable and not fixed permanently to one location, such as land or buildings.
2014 and after ? The loss cannot be carried back, but can be carried forward 20 tax years. Losses must be applied in the order in which they occurred. An election to forego the carryback of a federal NOL is binding for Nebraska.
All depreciable tangible personal property, used in a trade or business, with a life of more than one year is subject to net book personal property tax in Nebraska. Personal property must be reported annually to the county assessor and is based on the depreciated life of an asset.
