Nebraska Bill to Exempt Historic Automobile Museums from Certain Taxes Signed Into Law

URGENT LEGISLATIVE ALERT (UPDATE)
 

Nebraska Bill to Exempt Historic Automobile Museums from Certain Taxes Signed Into Law

A bill (LB 867) to exempt purchases made by historic automobile museums from sales and use taxes was signed into law by Governor Dave Heineman.  Under the new law, a historic automobile museum is “a museum that is used to maintain and exhibit a collection of at least two hundred motor vehicles and was open to the public an average of four or more hours per week during the previous calendar year.”  The law exempts these museums from sales and use taxes on the gross receipts from the sale, lease, or rental of and the storage, use, or other consumption of purchases of items which are displayed or held for display and which are related to the general purpose of the museum.

Thank you to those who participated in supporting this bill.


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