The Nebraska Department of Revenue (Department) reminds all taxpayers who have signed an agreement with the Department under the Nebraska Advantage Act or the ImagiNE Act, and who anticipate qualifying for the exemption from personal property taxes, must file the respective Claim for Nebraska Personal Property Exemption, Form 312P or Form 1107P, and any applicable schedules. A separate Form 312P or Form 1107P must be filed for each project.
The Form 312P or Form 1107P and all applicable schedules must be filed with the Property Tax Administrator, and a paper copy send to the county assessor in the county where the project is located, on or before May 1 of the year immediately following the signing of the agreement, and each following year through the expiration of the exemptions allowed under the respective incentive program.
The 2024 Nebraska Advantage Act and ImagiNE Act Claim for personal property exemption forms (form) are now formatted in an Excel format. And forms that are not the Excel format will be rejected. Please review the filing instructions on the 312P or 1107P carefully as the excel spreadsheet has fields that automatically populate when all fields are completed and has drop-down features. The form calculates the Nebraska Adjusted Basis and populates the total to the summary exemption form. The form must be completed in its entirety and submitted via ShareFile to the Department.
The form must be filed via ShareFile with the Department. Paper copies of the Form 312P or 1107P and applicable schedules must also be filed with the county assessor where the property has acquired situs.
Failure to timely and properly file will result in a waiver of the property tax exemption for that year. If the agreement is for a project or projects located in more than one county, a separate Form 312P or 1107P must be filed for each county.
County assessor contact information is available under Property Assessment; then click Assessors/Parcel Search.