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What is taxable business “personal property?

April 26, 2017Business Property taxable

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What is taxable business “personal property?

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Personal property is defined as tangible, depreciable income producing property including machinery and equipment, furniture and fixtures. A Nebraska personal property tax return must be filed by: • Anyone who owns or holds any taxable, tangible personal property on January 1, 12:01 a.m. of each year. • Anyone who leases personal property to another person. • Anyone who leases personal property from another person.