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LEGISLATURE OF NEBRASKA
ONE HUNDRED NINTH LEGISLATURE
SECOND SESSION
LEGISLATIVE BILL 757
Introduced by von Gillern, 4.
Read first time January 07, 2026
Committee: Revenue
A BILL FOR AN ACT relating to revenue and taxation; to amend section1
77-2704.28, Reissue Revised Statutes of Nebraska; to provide a sales2
and use tax exemption for the purchase of an aircraft to be leased3
between related companies; to provide an operative date; and to4
repeal the original section. 5
Be it enacted by the people of the State of Nebraska,6
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Section 1. Section 77-2704.28, Reissue Revised Statutes of Nebraska,1
is amended to read: 2
77-2704.28 (1) A lease of property from a subsidiary to the parent3
company, from a parent company to a subsidiary, from one subsidiary to4
another subsidiary of the same parent company, or between brother-sister5
companies shall not be subject to the sales and use tax imposed by the6
Nebraska Revenue Act of 1967 if such property was either originally7
acquired prior to June 1, 1967, or if acquired thereafter, the seller or8
transferor directly or indirectly has previously paid a sales or use tax9
thereon. Such lessor company shall have the same sales and use tax10
liability on the purchase of property to be leased to the lessee company11
as the lessee company would have paid if the lessee company had purchased12
the property directly. 13
(2) The purchase of an aircraft for lease, including a lease from a14
subsidiary to the parent company, from a parent company to a subsidiary,15
from one subsidiary to another subsidiary of the same parent company, or16
between brother-sister companies, shall not be subject to the sales and17
use tax imposed by the Nebraska Revenue Act of 1967 if (a) the annual18
amount of the gross receipts derived from leasing the aircraft, including19
any amounts derived from leases to related parties, is equal to at least20
seven and five-tenths percent of the net acquisition price for the21
aircraft, including the value of any trade or exchange and excluding any22
sales commission paid to a third party and (b) sales tax is collected and23
remitted on the lease payments. 24
Sec. 2. This act becomes operative on October 1, 2026.25
Sec. 3. Original section 77-2704.28, Reissue Revised Statutes of26
Nebraska, is repealed. 27
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