This legislative bill amends the Reissue Revised Statutes of Nebraska to establish a sunset date of January 1, 2026, for the biennial reporting and occupation tax requirements for both domestic and foreign corporations. It mandates that these corporations must submit their biennial reports and pay the associated occupation taxes by March 1 of each even-numbered year, with penalties for late submissions applicable after April 15. The Secretary of State is responsible for notifying corporations that fail to meet these deadlines, warning them of potential administrative dissolution or revocation of their authority to conduct business in Nebraska.

Additionally, the bill clarifies the procedures for revoking the authority of foreign corporations, ensuring that the Secretary of State files the original revocation certificate and serves a copy to the corporation, with the revocation taking effect on the specified date. It also establishes that all unpaid occupation taxes will become a lien on the corporation's assets, subordinate only to state, county, and municipal taxes. Furthermore, foreign corporations are prohibited from voluntarily withdrawing from the state until all owed occupation taxes are paid and a biennial report is filed. The bill includes provisions for repealing several original sections of the Reissue Revised Statutes of Nebraska to enhance compliance and accountability for corporations operating within the state.

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