Section 350-20-004 - PERSONAL PROPERTY SITUS004.01 Taxable commercial, agricultural, or other business personal property shall be listed and assessed at the location of the business, unless the property has acquired situs elsewhere. For purposes of these regulations, an item of taxable personal property will be deemed to have acquired situs elsewhere if it is kept in a location, other than the location of the business, for the greater portion of the calendar year. 004.01A The situs of aircraft shall be where it is stored for the greater portion of the calendar year.004.01B The situs of unlicensed motor vehicles and recreational vehicles shall be where they are stored for the greater portion of the calendar year.004.01C Personal property in transit or so mobile as to not have acquired local situs elsewhere shall have situs at the location of the business.004.01D The situs of property of an estate shall be where the property was subject to taxation on the date of death of the deceased.004.01E The situs of the personal property of a lessee shall be deemed to be the same as other personal property of the lessee.004.02 Questions that may arise as to the proper situs of personal property shall be determined as follows:004.02A If between several places in the same county, the situs shall be determined by the county board.350 Neb. Admin. Code, ch. 20, § 004