Depreciable tangible personal property shall mean tangible personal property which is used in a trade or business or used for the production of income and which has a determinable life of longer than one year.
Neb. Rev. Stat. § 77-119
Depreciable tangible personal property, defined
Applied in 1 court decision — leading case Farmers Co-op v. State (2017)
Most recently applied in Farmers Co-op v. State (April 2017)
Laws 1992, LB 1063, § 48; Laws 1992, LB 719A, § 204.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.