The Legislature declares that the purpose of allowing taxable income to be reduced by contributions to and earnings from a first-time home buyer savings account is to encourage first-time home ownership through incentivizing saving for a downpayment and closing costs because of the significant financial and civic benefits home ownership provides for this state.
Legislative intent.
Neb. Rev. Stat. § 77-27,229, under REVENUE AND TAXATION.
Neb. Rev. Stat. § 77-27,229