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Neb. Rev. Stat. § 2-4112

Excise tax; deduct from loan proceeds

Laws 2020, LB803, § 12.

In the case of a pledge or mortgage of dry peas and lentils as security for a loan under the federal price support program, the tax shall be deducted from the proceeds of such loan at the time the loan is made.

Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.