2009 Nebraska Code
Chapter 77 REVENUE AND TAXATION
77-105 Tangible personal property, intangible personal property, defined.

77-105. Tangible personal property, intangible personal property, defined.

The term tangible personal property includes all personal property possessing a physical existence, excluding money. The term tangible personal property also includes trade fixtures, which means machinery and equipment, regardless of the degree of attachment to real property, used directly in commercial, manufacturing, or processing activities conducted on real property, regardless of whether the real property is owned or leased, and all property used in the generation of electricity using wind as the fuel source, including, but not limited to, that listed in subsection (9) of section 77-202. The term intangible personal property includes all other personal property, including money.

Source

Laws 1921, c. 133, art. I, § 4, p. 545;
C.S.1922, § 5811;
C.S.1929, § 77-104;
Laws 1933, c. 156, § 2, p. 592;
C.S.Supp.,1941, § 77-104;
R.S.1943, § 77-105;
Laws 1991, LB 829, § 6;
Laws 2007, LB334, § 14;
Laws 2010, LB1048, § 10.
Effective Date: July 15, 2010

Annotations Electricity is not tangible personal property for tax purposes. Omaha Pub. Power Dist. v. Nebraska Dept. of Revenue, 248 Neb 518, 537 N.W.2d 312 (1995).
Cited in discussion of taxability of intangible property of foreign corporation. International Harvester Co. v. County of Douglas, 146 Neb. 555, 20 N.W.2d 620 (1945).
In view of change in legislative definition of intangible property, corporation is taxable where it has its principal office or place of business. Joyce Lumber Co. v. Anderson, 125 Neb. 886, 252 N.W. 394 (1934).