Bill Summary – FastDemocracy

LB96                                                                       LB96
                                                                     2023
                               LEGISLATURE OF NEBRASKA
                            ONE HUNDRED EIGHTH LEGISLATURE
                                    FIRST SESSION
                       LEGISLATIVE BILL 96
       Introduced by Slama, 1.
       Read first time January 06, 2023
       Committee: Revenue
   A BILL FOR AN ACT relating to revenue and taxation; to amend section
       77-2704.36, Revised Statutes Cumulative Supplement, 2022; to provide
       a sales and use tax exemption for twine as prescribed; to provide an
       operative date; and to repeal the original section.
   Be it enacted by the people of the State of Nebraska,
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LB96                                                                                       LB96
                                                                                     2023
       Section    1.     Section   77-2704.36,     Revised Statutes Cumulative
   Supplement, 2022, is amended to read:
       77-2704.36 (1) Sales and use tax shall not be imposed on the gross
   receipts from the sale, lease, or rental of:
       (a)    Depreciable agricultural machinery and equipment purchased,
   leased, or rented on or after January 1, 1993, for use in commercial
   agriculture; or
       (b) Net wrap and twine purchased for use in commercial agriculture.
       (2) For purposes of this section:
       (a)(i) Agricultural machinery and equipment means tangible personal
   property that is used directly in (A) cultivating or harvesting a crop,
   (B) raising or caring for animal life, (C) protecting the health and
   welfare of animal life, including fans, curtains, and climate control
   equipment within livestock buildings, or (D) collecting or processing an
   agricultural product on a farm or ranch, regardless of the degree of
   attachment to any real property; and
       (ii)   Agricultural machinery and equipment includes,    but is   not
   limited to, header trailers, head haulers, header transports, and seed
   tender trailers and excludes any current tractor model as defined in
   section 2-2701.01 not permitted for sale in Nebraska pursuant to sections
   2-2701 to 2-2711; and
       (b) Net wrap means plastic wrap used in the baling of livestock feed
   or bedding; and hay.
       (c) Twine means a strong string of two or more strands twisted
   together used in the baling of livestock feed or bedding.
       Sec. 2.    This act becomes operative on October 1, 2023.
       Sec. 3.       Original section 77-2704.36, Revised Statutes Cumulative
   Supplement, 2022, is repealed.
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Statutes affected: 
Introduced: 77-2704.36