Nebraska § 10-507 - Tax levy; limit.
Full text of Nebraska Revised Statutes of Nebraska § 10-507 — Tax levy; limit., with citation guidance and answers to common questions.
§ 10-507. Tax levy; limit.
The county board of any county issuing bonds under sections 10-501 to 10-509 shall levy a tax annually for the payment of the interest on the bonds. An additional amount shall be levied and collected sufficient to pay the principal of such bonds at maturity. Not more than twenty percent of the principal of such bonds shall be levied and collected in any one year.
Frequently Asked Questions About Nebraska § 10-507
What does Revised Statutes of Nebraska § 10-507 cover?
Section 10-507 ("Tax levy; limit.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 10-507?
A common citation format is "Revised Statutes of Nebraska § 10-507" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 10-507 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.