First Nat. Bank, Stromsburg v. Heiden

In this appeal, we affirm the ruling of the district court for York County that First National Bank, Stromsburg, Nebraska (FNB), a corporation, lacked standing to sue for the refund of taxes which it paid on personal property it had purportedly acquired and subsequently sold to Farmers Cooperative Grain Association (Farmers).

To fully understand the issue under consideration, a history of the personal property involved and its taxation is helpful.

Grain processing equipment and a grain elevator on leased land in York County, owned by Benedict Consolidated Industries, Inc. (BCI), were assessed…