Excise tax; deduct from loan proceeds.

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2-4112. Excise tax; deduct from loan proceeds.

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.

Source

  • Laws 2020, LB803, § 12.


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