Nebraska Tax Changes - October 2024
Week Of 10.07.2024
The Nebraska Department of Revenue has issued Directive 24-3, which provides guidance on the assessment and valuation of renewable energy generation facilities.
This directive, issued on September 30, 2024, covers both real property and personal property taxation, including the exemption from the real property tax and the nameplate capacity tax.
Week Of 09.30.2024
The Nebraska Department of Revenue has updated its Computer Reporting Procedure 21EFW2 Information Guide.
This guide provides instructions for reporting Forms W-3N, W-2, 1099-MISC, 1099-NEC, 1099-R, and W-2G. Employers and payors licensed for Nebraska income tax withholding must report Nebraska compensation and withholding to the Department and file these forms on or before January 31 of the year following the reporting period. Any company reporting more than 50 of those Nebraska Forms must e-file them using the Department's NebFile for Business program.
Week Of 10.07.2024
Nebraska Property Tax—Nebraska issues guidance on the assessment of renewable energy generation facilities.
The Nebraska Department of Revenue has issued Directive24-3, Assessment of Renewable Energy Generation Facilities. The Directive discusses the specific statutory and regulatory authority for the assessment and valuation of renewable energy generation facilities, along with the procedure and implementation for both real property and personal property taxation. The Directive also covers the related exemption from the real property tax and the nameplate capacity tax. (Directive 24-3, Assessment of Renewable Energy Generation Facilities, Neb. Dept. of Revenue, 09/30/2024.)
Week Of 09.30.2024
Nebraska General Administrative Provisions—Nebraska computer reporting procedure information guide updated.
The Nebraska Department of Revenue has updated its Computer Reporting Procedure 21EFW2 Information Guide. This guide provides instructions for reporting Forms W-3N (Reconciliation of Income Tax Withheld), and all Forms W-2, 1099-MISC, 1099-NEC, 1099-R, and W-2G. Employers and payors licensed for Nebraska income tax withholding must report Nebraska compensation and withholding to the Department and file these forms on or before January 31 of the year following the reporting period. Any company reporting more than 50 of those Nebraska Forms must e-file them using the Department's NebFile for Business program on the Department's website. (Nebraska Information Guide No. 8-633-2008, 10/01/2024.)
Nebraska Personal Income Tax—Nebraska computer reporting procedure information guide updated.
The Nebraska Department of Revenue has updated its Computer Reporting Procedure 21EFW2 Information Guide. This guide provides instructions for reporting Forms W-3N (Reconciliation of Income Tax Withheld), and all Forms W-2, 1099-MISC, 1099-NEC, 1099-R, and W-2G. Employers and payors licensed for Nebraska income tax withholding must report Nebraska compensation and withholding to the Department and file these forms on or before January 31 of the year following the reporting period. Any company reporting more than 50 of those Nebraska Forms must e-file them using the Department's NebFile for Business program on the Department's website. (Nebraska Information Guide No. 8-633-2008, 10/01/2024.)
Week Of 10.07.2024
Nebraska Property Tax—Nebraska issues guidance on the assessment of renewable energy generation facilities.
The Nebraska Department of Revenue has issued Directive24-3, Assessment of Renewable Energy Generation Facilities. The Directive discusses the specific statutory and regulatory authority for the assessment and valuation of renewable energy generation facilities, along with the procedure and implementation for both real property and personal property taxation. The Directive also covers the related exemption from the real property tax and the nameplate capacity tax. (Directive 24-3, Assessment of Renewable Energy Generation Facilities, Neb. Dept. of Revenue, 09/30/2024.)
Week Of 09.30.2024
Nebraska General Administrative Provisions—Nebraska computer reporting procedure information guide updated.
The Nebraska Department of Revenue has updated its Computer Reporting Procedure 21EFW2 Information Guide. This guide provides instructions for reporting Forms W-3N (Reconciliation of Income Tax Withheld), and all Forms W-2, 1099-MISC, 1099-NEC, 1099-R, and W-2G. Employers and payors licensed for Nebraska income tax withholding must report Nebraska compensation and withholding to the Department and file these forms on or before January 31 of the year following the reporting period. Any company reporting more than 50 of those Nebraska Forms must e-file them using the Department's NebFile for Business program on the Department's website. (Nebraska Information Guide No. 8-633-2008, 10/01/2024.)
Nebraska Personal Income Tax—Nebraska computer reporting procedure information guide updated.
The Nebraska Department of Revenue has updated its Computer Reporting Procedure 21EFW2 Information Guide. This guide provides instructions for reporting Forms W-3N (Reconciliation of Income Tax Withheld), and all Forms W-2, 1099-MISC, 1099-NEC, 1099-R, and W-2G. Employers and payors licensed for Nebraska income tax withholding must report Nebraska compensation and withholding to the Department and file these forms on or before January 31 of the year following the reporting period. Any company reporting more than 50 of those Nebraska Forms must e-file them using the Department's NebFile for Business program on the Department's website. (Nebraska Information Guide No. 8-633-2008, 10/01/2024.)