Nebraska doesn’t have a Franchise Tax, but it does have an “Occupation Tax” at the state level, imposed on domestic and foreign corporations registered in the state. The occupation tax may require detailed financial data, so many businesses use a tax preparer or accountant to complete the filing.
The Occupation Tax filing is available online through the Nebraska Secretary of State's portal during the filing window (January 1 to April 15 of even-numbered years).
The Biennial Occupation Tax report and payment are due for corporations in even-numbered years by March 1, becoming delinquent on April 15.
If the report and occupation tax are not filed by April 15, the corporation's authority to transact business in Nebraska will be administratively revoked (foreign corporations) or the corporation will be administratively dissolved (domestic corporations).
The Occupation Tax is based on the amount of paid-up capital stock (domestic corporations) or the total value of real estate and personal property located in Nebraska and employed in the conduct of business (foreign corporations).
During the filing window (January 1 to April 15 of even-numbered years), Nebraska provides official tax charts to calculate the Occupation Tax.
The minimum occupation tax is $26 for domestic corporations and $52 for foreign corporations. For foreign corporations, fees range from $52 to $400 for property valued from $0 to $100,000, with higher fees applicable to greater property values, as outlined in the official fee schedule.
Note: This is a biennial filing (every two years in even-numbered years) for corporations, not an annual requirement. LLCs and other entity types have different biennial or annual filing requirements with separate due dates.
Discern provides automated deadline notifications for Nebraska's biennial Occupation Tax filing cycles, ensuring you never miss the March 1 due date or April 15 delinquency deadline.
While Nebraska Occupation Taxes may be filed by accountants or tax preparers due to the financial data required, Discern notifies you when biennial filings are due, provides filing guidance, and offers centralized tracking across all jurisdictions where you operate.
Book a demo today to streamline your Nebraska compliance management.
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