14-1810. Metropolitan transit authority; property; exempt from taxation; exceptions.
101 words·~1 min read·
/ne/chapter-14/14-1810A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An authority created pursuant to the Transit Authority Law being a governmental subdivision of the State of Nebraska to exercise public and essential governmental functions, all property thereof, all operations thereof, and all rights to operate, of whatsoever character, and all bonds and equipment trust notes or certificates issued by it, shall be exempt from any and all forms of assessment and taxation, and from all other governmental and municipal licenses, excises, and charges, except for assessments under the Nebraska Workers' Compensation Act and any combined tax due or payments in lieu of contributions as required under the Employment Security Law.