A bill that updates numerous state Department of Revenue statutes was passed by the Legislature April 5.<\/p>\n
LB727, introduced by Bellevue Sen. Abbie Cornett, updates current state statute and establishes new provisions as they relate to the department. The bill:
\n\u2022 eliminates certain motor fuels tax collection commissions if a notice of a deficiency assessment issued has become a final assessment;
\n\u2022 changes to the 20th day the due date for motor fuel producers, suppliers, distributors, wholesalers, importers and exporters to file their motor fuel tax returns;
\n\u2022 changes the source of data required to update the department\u2019s calculation of the wholesale price of gasoline;
\n\u2022 changes the due date for the department to update its biennial tax burden study to Dec 1, 2013, and every two years thereafter;
\n\u2022 clarifies the sales tax exemption for sales of prepared food by parent or student organizations at elementary or secondary schools;
\n\u2022 repeals the state statute that currently requires the department to appoint a committee to oversee the operation of the motor fuel trust fund;
\n\u2022 eliminates statutory requirements that the department must use certified mail for mailing certain notices, including a notice of a proposed deficiency determination;
\n\u2022 adds first-class mail to the list of authorized forms of mail that the department can use whenever it is required to give any notice under the Nebraska Revenue Act; and
\n\u2022 includes an emergency clause.<\/p>\n
The bill also exempts youth sports events and youth competitive educational activities from sales and use taxes.<\/p>\n
Senators passed the bill on a 49-0 vote.<\/p>\n","protected":false},"excerpt":{"rendered":"
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