Opinion No. (1980)

REQUESTED BY: Ronald D. Moravec, Cass County Attorney. Are national and state banks, and federal and state savings and loan associations, `instrumentalities' of the United States or the State of Nebraska respectively, as contemplated by section 76-902(2), R.R.S. 1943, and thereby entitled to exemptions from the documentary stamp tax provided for therein?

National banks and federal savings and loan associations are such instrumentalities and are entitled to the exemption. State chartered banks and savings and loan associations are not.

The legislative history of Nebraska's Documentary Stamp Act,…