This bill amends the Reissue Revised Statutes of Nebraska to update the biennial reporting and occupation tax requirements for both domestic and foreign corporations. A key provision establishes a sunset date of January 1, 2026, for the submission of biennial reports and payment of occupation taxes, requiring these reports to be submitted to the Secretary of State by March 1 of each even-numbered year, with a grace period until April 15 for payment. Corporations that fail to comply may face administrative dissolution or revocation of their authority to conduct business in Nebraska. The bill also mandates that the Secretary of State notify corporations that have not met their reporting or tax obligations by the due date, emphasizing the importance of timely compliance.

Additionally, the bill outlines the procedures for revoking a foreign corporation's certificate of authority to conduct business in Nebraska, specifying that the Secretary of State must file the original certificate and serve a copy to the corporation, with the revocation taking effect on the date indicated in the revocation certificate. It clarifies that the revocation does not affect the authority of the corporation's registered agent and establishes that any delinquent occupation taxes owed will be a lien on the corporation's assets, subordinate only to state, county, and municipal taxes. The bill also prohibits foreign corporations from voluntarily withdrawing from the state until all taxes are paid and a biennial report is filed, while repealing several original sections of the statutes.

Statutes affected:
Introduced: 21-301, 21-303, 21-304, 21-306, 21-313, 21-323, 21-325