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Nebraska Revised Statutes — Chapter 77 (Revenue and Taxation)

Neb. Rev. Stat. § 77-122

Purchase, defined

Official textnebraskalegislature.gov

Purchase shall include taking by sale, discount, negotiation, or any other transaction for value creating an interest in property except liens. Purchase shall not include transfers for stock or other ownership interests upon creation, dissolution, or any other tax-free reorganization for income tax purposes of any corporation, partnership, limited liability company, trust, or other entity

Last amended: Source Laws 1992, LB 1063, § 51; Laws 1992, Second Spec. Sess., LB 1, § 49; Laws 1993, LB 121, § 493. Annotations The step transaction doctrine can be applied to determine if the transaction at issue is a purchase under this section. Mid City Bank, Inc. v. Douglas Cty. Bd. of Equal., 260 Neb. 282, 616 N.W.2d 341 (2000). Frequent Questions Americans with Disabilities Act Notice Privacy Policy Glossary of Terms Contact Us Disclaimer OFFICIAL NEBRASKA GOVERNMENT WEBSITE Copyright © Nebraska Legisla

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In this chapter (40 sections)
  1. 77-103 · Real property, defined
  2. 77-103.01 · Class or subclass of real property, defined
  3. 77-104 · Personal property, defined
  4. 77-105 · Tangible personal property, intangible personal property,…
  5. 77-106 · Money, defined
  6. 77-107 · Credits, defined
  7. 77-108 · County board, defined
  8. 77-109 · County tax, defined
  9. 77-110 · Repealed
  10. 77-111 · Township, precinct, defined
  11. 77-112 · Actual value, defined
  12. 77-113 · Person, defined
  13. 77-114 · Gender and number, how construed
  14. 77-115 · County assessor, defined
  15. 77-116 · County official, defined
  16. 77-117 · Improvements on leased land, defined
  17. 77-118 · Nebraska adjusted basis, defined; trade in of property; how…
  18. 77-119 · Depreciable tangible personal property, defined
  19. 77-120 · Net book value of property for taxation, defined
  20. 77-121 · Taxable property, defined
  21. 77-122 · Purchase, defined
  22. 77-123 · Omitted property, defined
  23. 77-124 · Undervalued and overvalued property, defined
  24. 77-125 · Tax situs, defined
  25. 77-127 · Tax district, defined
  26. 77-128 · Clerical error, defined
  27. 77-129 · Assessment roll, defined
  28. 77-130 · Taxing official, defined
  29. 77-202 · Property taxable; exemptions enumerated
  30. 77-202.01 · Property taxable; tax exemptions; application;…
  31. 77-202.02 · Property taxable; exempt status; application; hearing;…
  32. 77-202.03 · Property taxable; exempt status; period of exemption;…
  33. 77-202.04 · Property taxable; exempt status; delivery of copy of final…
  34. 77-202.05 · Property taxable; exempt status; Tax Commissioner; forms;…
  35. 77-202.06 · Repealed
  36. 77-202.07 · Repealed
  37. 77-202.08 · Repealed
  38. 77-202.09 · Cemetery organization; exemption; application; procedure;…
  39. 77-202.10 · Cemetery organization; period of exemption; annual review
  40. 77-202.11 · Leased public property; taxation status; lessee; lien;…
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