Chapter 77 — REVENUE AND TAXATION

2,526 sections in this chapter.

2,526 sectionsFiltered byCh 77

Neb. Rev. Stat. § 77-1001 Act, how cited.
0.1K chars
Sections 77-1001 to 77-1035 shall be known and may be cited as the Nebraska Advantage Transformational Tourism and Redevelopment Act.
Neb. Rev. Stat. § 77-1002 Legislative findings and declarations.
0.5K chars
The Legislature hereby finds and declares that it is the policy of this state to utilize Nebraska's tax structure in order to encourage new businesses to relocate to Nebraska as a component of a program to develop new tourism attractions as well as to redevelop areas of municipal…
Neb. Rev. Stat. § 77-1003 Definitions, where found.
0.2K chars
For purposes of the Nebraska Advantage Transformational Tourism and Redevelopment Act, the definitions found in sections 77-1004 to 77-1027 shall be used.
Neb. Rev. Stat. § 77-1004 Tax terms, meaning.
0.1K chars
Any term shall have the same meaning as used in Chapter 77, article 27.
Neb. Rev. Stat. § 77-1005 Approved cost, defined.
1.4K chars
Approved cost means: (1) Obligations incurred for labor and to vendors, contractors, subcontractors, builders, suppliers, delivery persons, and material suppliers in connection with the acquisition, construction, equipping, and installation of a project; (2) The cost of acquiring…
Neb. Rev. Stat. § 77-1006 Approved project, defined.
0.1K chars
Approved project means any project that is certified by a municipality under the Nebraska Advantage Transformational Tourism and Redevelopment Act.
Neb. Rev. Stat. § 77-1007 Cultural development, defined.
0.4K chars
Cultural development means a real estate development with a primary purpose of promoting cultural education or development, such as a museum or related visual arts centers, performing arts facility, or facilities housing, incubating, developing, or promoting art, music, theater, …
Neb. Rev. Stat. § 77-1008 Destination dining, defined.
0.4K chars
Destination dining means a real estate development primarily selling and serving prepared food and beverage to the public in a setting with sit-down dining. In addition, the development must offer a unique food or experience concept not found in this state within (1) the same met…
Neb. Rev. Stat. § 77-1009 Entertainment destination center, defined.
0.9K chars
Entertainment destination center means a facility containing a minimum of two hundred thousand square feet of gross leasable area adjacent or complementary to an existing tourism attraction, an approved tourism development project, or a convention facility, and which provides a v…
Neb. Rev. Stat. § 77-101 Definitions, where found.
0.2K chars
For purposes of Chapter 77 and any statutes dealing with taxation, unless the context otherwise requires, the definitions found in sections 77-102 to 77-133 shall be used.
Neb. Rev. Stat. § 77-1010 Entitlement period, defined.
0.2K chars
Entitlement period means the year during which the required increases in employment and investment were met or exceeded and each year thereafter until the end of the ninth year following the year of application.
Neb. Rev. Stat. § 77-1011 Full-service restaurant, defined.
0.6K chars
Full-service restaurant means any public place (1) which is kept, used, maintained, advertised, and held out to the public as a place where meals are served and where meals are actually and regularly served, (2) which has no sleeping accommodations, (3) which has adequate and san…
Neb. Rev. Stat. § 77-1012 Historical redevelopment, defined.
0.3K chars
Historical redevelopment means a real estate development project that redevelops a historic building, as listed on either the National Register of Historic Places or the Nebraska Historic Buildings Survey. The reuse of the historic building can be any approved use, including reta…
Neb. Rev. Stat. § 77-1013 Investment, defined.
0.3K chars
Investment means the value of qualified property incorporated into or used at the project. For qualified property owned by the taxpayer, the value shall be the original cost of the property. Investment does not include real property for a tourism development project.
Neb. Rev. Stat. § 77-1014 Lodging, defined.
1.2K chars
(1) Lodging means any lodging facility with the following attributes: (a) The facility constitutes a portion of an approved project and represents less than fifty percent of the total approved cost of the tourism attraction project, or the facility is to be located on recreationa…
Neb. Rev. Stat. § 77-1015 Mixed-use project, defined.
0.4K chars
Mixed-use project means a facility containing a minimum of fifty thousand square feet. The project must include at least two vertical stories of usable or leasable space and contain a minimum of two uses, such as restaurant, office, retail, or residential, not including parking. …
Neb. Rev. Stat. § 77-1016 Nebraska crafts and products center, defined.
0.3K chars
Nebraska crafts and products center means a real estate retail development primarily selling products created, grown, or assembled in Nebraska. Nebraska crafts and products must constitute a minimum of fifty percent of the total sales volume of the development.
Neb. Rev. Stat. § 77-1017 Project, defined.
0.8K chars
Project means the acquisition, including the acquisition of real estate by a leasehold interest with a minimum term of ten years, construction, and equipping of a tourism attraction or redevelopment project; the construction and installation of improvements to facilities necessar…
Neb. Rev. Stat. § 77-1018 Qualified business, defined.
0.9K chars
(1) For a tourism development project, qualified business means any business engaged in: (a) Cultural development; (b) Historical redevelopment; (c) Recreation facilities; (d) Entertainment destination centers; (e) Lodging; (f) Destination dining; (g) Tourism attraction; (h) Nebr…
Neb. Rev. Stat. § 77-1019 Qualified property, defined.
0.5K chars
(1) Qualified property means any tangible property of a type subject to depreciation, amortization, or other recovery under the Internal Revenue Code of 1986, as amended, or the components of such property, that will be located and used at the project. (2) Qualified property does…
Neb. Rev. Stat. § 77-102 Property, defined.
0.1K chars
The word property includes every kind of property, tangible or intangible, subject to ownership.
Neb. Rev. Stat. § 77-1020 Recreation facility, defined.
0.3K chars
Recreation facility means any real estate project with a primary purpose of promoting and hosting sports or recreation activities, including sports facilities, golf courses, beaches, parks, water parks, amusement parks, and related support amenities.
Neb. Rev. Stat. § 77-1021 Redevelopment project, defined.
0.4K chars
Redevelopment project means a project proposed on a parcel or parcels previously developed with real property improvements. Current usage cannot include agriculture or livestock. The redevelopment project must be within the municipal limits of a municipality. The existing improve…
Neb. Rev. Stat. § 77-1022 Related persons, defined.
0.3K chars
Related persons means any corporations, partnerships, limited liability companies, or joint ventures which are or would otherwise be members of the same unitary group, if incorporated, or any persons who are considered to be related persons under either section 267(b) and (c) or …
Neb. Rev. Stat. § 77-1023 Structured parking, defined.
0.2K chars
Structured parking means a real estate development used primarily as a covered parking facility for automobiles or related personal vehicles. The parking facility must have a minimum of two levels of parking above or below ground.
Neb. Rev. Stat. § 77-1024 Taxpayer, defined.
1.1K chars
(1) Taxpayer means any person subject to sales and use taxes under the Nebraska Revenue Act of 1967 and subject to withholding under section 77-2753 and any corporation, partnership, limited liability company, cooperative, including a cooperative exempt under section 521 of the I…
Neb. Rev. Stat. § 77-1025 Tourism attraction, defined.
0.4K chars
Tourism attraction means a place of interest where tourists visit, typically for the inherent or exhibited cultural value, historical significance, natural or built beauty, or amusement opportunities, such as historical places, monuments, zoos, aquaria, museums, art galleries, bo…
Neb. Rev. Stat. § 77-1026 Year, defined.
0.0K chars
Year means the taxable year of the taxpayer.
Neb. Rev. Stat. § 77-1027 Year of application, defined.
0.1K chars
Year of application means the year that a completed application is filed under the Nebraska Advantage Transformational Tourism and Redevelopment Act.
Neb. Rev. Stat. § 77-1028 Election required; procedures applicable.
1.4K chars
The powers granted by the Nebraska Advantage Transformational Tourism and Redevelopment Act shall not be exercised unless and until the question of directing the proceeds of the local option sales tax as authorized under the act has been submitted at a primary, general, or specia…
Neb. Rev. Stat. § 77-1029 Verification of work eligibility status.
0.3K chars
A municipality shall not approve or grant to any person any incentive under the Nebraska Advantage Transformational Tourism and Redevelopment Act unless the taxpayer provides evidence satisfactory to the municipality that the taxpayer electronically verified the work eligibility …
Neb. Rev. Stat. § 77-103 Real property, defined.
1.0K chars
Real property shall mean: (1) All land; (2) All buildings, improvements, and fixtures, except trade fixtures; (3) All electric generation, transmission, distribution, and street lighting structures or facilities owned by a political subdivision of the state; (4) Mobile homes, cab…
Neb. Rev. Stat. § 77-103.01 Class or subclass of real property, defined.
0.8K chars
Class or subclass of real property means a group of properties that share one or more characteristics typically common to all the properties in the class or subclass, but are not typically found in the properties outside the class or subclass. Class or subclass includes, but is n…
Neb. Rev. Stat. § 77-1030 Application; form; contents; confidentiality; fee; municipality; duties; certification; written agreement; contents; modification.
5.5K chars
(1) In order to utilize the incentives set forth in the Nebraska Advantage Transformational Tourism and Redevelopment Act, the taxpayer shall file an application, on a form developed by an association of municipalities organized statewide, requesting an agreement. (2) The applica…
Neb. Rev. Stat. § 77-1031 Incentives; tiers; project requirements; refund of taxes.
5.0K chars
(1) Applicants may qualify for incentives under the Nebraska Advantage Transformational Tourism and Redevelopment Act as follows: (a)(i) Tourism development project, investment in qualified property as required by this subdivision and a net employment increase to the state. Net e…
Neb. Rev. Stat. § 77-1032 Department of Revenue; duties; review of projects; recapture of incentives; Nebraska Advantage Transformational Tourism and Redevelopment Act Cash Fund; created; use; investment.
2.3K chars
(1) The Department of Revenue shall contract with an independent consultant to review each project under the Nebraska Advantage Transformational Tourism and Redevelopment Act every fifth year following July 15, 2010. The review shall be paid for by each project owner. The review …
Neb. Rev. Stat. § 77-1033 Transfer of incentives; when; liability for recapture.
0.7K chars
(1) The incentives allowed under the Nebraska Advantage Transformational Tourism and Redevelopment Act may be transferred when a project covered by an agreement is transferred in its entirety by sale or lease to another taxpayer or in an acquisition of assets qualifying under sec…
Neb. Rev. Stat. § 77-1034 Refunds; interest not allowable.
0.2K chars
Interest shall not be allowable on any refunds paid because of incentives earned under the Nebraska Advantage Transformational Tourism and Redevelopment Act.
Neb. Rev. Stat. § 77-1035 Act; restrictions on use.
0.2K chars
The Nebraska Advantage Transformational Tourism and Redevelopment Act may not be used for the construction or financing of a stadium or for support facilities for a stadium.
Neb. Rev. Stat. § 77-104 Personal property, defined.
0.1K chars
The term personal property includes all property other than real property and franchises.
Neb. Rev. Stat. § 77-105 Tangible personal property, intangible personal property, defined.
0.7K chars
The term tangible personal property includes all personal property possessing a physical existence, excluding money. The term tangible personal property also includes trade fixtures, which means machinery and equipment, regardless of the degree of attachment to real property, use…
Neb. Rev. Stat. § 77-106 Money, defined.
0.2K chars
The term money includes all kinds of coin and all kinds of paper, issued by or under authority of the United States, circulating as money. Money does not include central bank digital currency.
Neb. Rev. Stat. § 77-107 Credits, defined.
0.4K chars
The word credits includes corporation shares of stock, accounts, contracts for cash or labor, bills of exchange, judgments, choses in action, liens of any kind, other than real estate mortgages, securities, debentures, bonds, other than those of the United States, annuities, and …
Neb. Rev. Stat. § 77-108 County board, defined.
0.1K chars
The term county board includes both county commissioners and supervisors, as the case may be.
Neb. Rev. Stat. § 77-109 County tax, defined.
0.2K chars
The term county tax includes all taxes due to the county, school districts and other subdivisions of the county, which are levied and collected by the county.
Repealed. Laws 2000, LB 968, § 91.
0.0K chars
[Repealed or reserved.]
Neb. Rev. Stat. § 77-1101 Act, how cited.
0.1K chars
Sections 77-1101 to 77-1120 shall be known and may be cited as the New Markets Job Growth Investment Act.
Neb. Rev. Stat. § 77-1101.01 Act; purposes.
0.4K chars
The purposes of the New Markets Job Growth Investment Act are to: (1) Provide access to capital to small businesses that are not otherwise able to receive affordable financing; (2) Attract investment dollars from the New Markets Tax Credit Program of the United States Department …
Neb. Rev. Stat. § 77-1102 Definitions, where found.
0.1K chars
For purposes of the New Markets Job Growth Investment Act, the definitions in sections 77-1103 to 77-1112.02 apply.
Neb. Rev. Stat. § 77-1103 Applicable percentage, defined.
0.2K chars
Applicable percentage means zero percent for the first two credit allowance dates, seven percent for the third credit allowance date, and eight percent for the next four credit allowance dates.