Chapter 77 — REVENUE AND TAXATION

2,526 sections in this chapter.

2,526 sectionsFiltered byCh 77

Neb. Rev. Stat. § 77-3108 Terms, defined.
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For purposes of the Relocation Incentive Act: (1) Department means the Department of Revenue; and (2) Qualifying employee means an individual who moves to the State of Nebraska for the purpose of accepting a position of employment.
Neb. Rev. Stat. § 77-3109 Tax credit; eligibility; amount; recapture; when; application; approval; claiming credit; procedure.
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(1) For taxable years beginning or deemed to begin on or after January 1, 2025, under the Internal Revenue Code of 1986, as amended, an employer that pays relocation expenses for a qualifying employee shall be eligible to receive a credit that may be used to offset any income tax…
Transferred to section 77-392.
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[Repealed or reserved.]
Neb. Rev. Stat. § 77-3110 Tax credit; annual limit.
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The department may approve tax credits under the Relocation Incentive Act each year until the total amount of credits approved for the year reaches one million dollars.
Neb. Rev. Stat. § 77-3111 Qualifying employee; exclusion of wage income; conditions; recapture; when.
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(1) For taxable years beginning or deemed to begin on or after January 1, 2025, under the Internal Revenue Code of 1986, as amended, a qualifying employee shall be eligible to make a one-time election within two calendar years of becoming a Nebraska resident to exclude all Nebras…
Neb. Rev. Stat. § 77-3112 Rules and regulations.
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The department may adopt and promulgate rules and regulations to carry out the Relocation Incentive Act.
Neb. Rev. Stat. § 77-3113 Creating High Impact Economic Futures Act, how cited.
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Sections 77-3113 to 77-3120 shall be known and may be cited as the Creating High Impact Economic Futures Act and may also be referred to as the CHIEF Act.
Neb. Rev. Stat. § 77-3114 Legislative findings.
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The Legislature hereby finds that areas of chronic economic distress in the State of Nebraska are a detriment to the economic well-being, health, and safety of the citizens of Nebraska. The Legislature further contends that current governmental solutions have not been able to com…
Neb. Rev. Stat. § 77-3115 Terms, defined.
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For purposes of the Creating High Impact Economic Futures Act, unless the context otherwise requires: (1) Accelerator program means a program that (a) provides education and mentorship lasting no more than twenty-four months for early-stage technology companies that have been rec…
Neb. Rev. Stat. § 77-3116 Community betterment organization; program or project; tax credit status.
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Any community betterment organization which provides eligible activities in a community development area may apply any time during the fiscal year to the department to have one or more programs or projects certified for tax credit status as provided in sections 77-3117 to 77-3120…
Neb. Rev. Stat. § 77-3117 Program or project; proposal; contents; department; review; evaluation.
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(1) A proposal submitted to the department shall only include all of the following: (a) A description of the program or project to be conducted, including the eligible activities that will be provided as a result of the program or project; (b) A description of the community devel…
Neb. Rev. Stat. § 77-3118 Tax credits; allowance; manner.
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(1) The tax credits provided for in sections 77-3117 to 77-3120 shall be available for contributions to a certified program or project which may qualify as a charitable contribution deduction on the federal income tax return filed by the business firm or individual making such co…
Neb. Rev. Stat. § 77-3119 Tax credit; eligibility; amount; nonrefundable.
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(1) An individual taxpayer who makes one or more contributions to one or more programs or projects certified for tax credit status during a tax year shall be eligible for a tax credit under the Creating High Impact Economic Futures Act. The amount of the credit shall be equal to …
Transferred to section 77-393.
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[Repealed or reserved.]
Neb. Rev. Stat. § 77-3120 Tax credits; limit.
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The annual limit on the total amount of tax credits allowed for calendar year 2025 shall be nine hundred thousand dollars with a total of three hundred thousand dollars for each congressional district. Once credits have reached the annual limit, no additional credits shall be all…
Neb. Rev. Stat. § 77-3121 Cast and Crew Nebraska Act, how cited.
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Sections 77-3121 to 77-3133 shall be known and may be cited as the Cast and Crew Nebraska Act.
Neb. Rev. Stat. § 77-3122 Legislative findings.
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(1) The Legislature finds that: (a) Film and television production in Nebraska not only provides jobs for residents of Nebraska and dollars for Nebraska businesses but also enhances the state's image nationwide; (b) The high cost of film and television production is driving such …
Neb. Rev. Stat. § 77-3123 Terms, defined.
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For purposes of the Cast and Crew Nebraska Act: (1) Above-the-line employee means production company employees involved in the creative development, direct production, and direction of a production activity including screenwriters, producers, directors, casting directors, and cas…
Neb. Rev. Stat. § 77-3124 Qualifying expenditures; enumerated; exceptions.
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(1) For purposes of the Cast and Crew Nebraska Act, qualifying expenditure includes: (a) Pre-production, production, and post-production expenditures made in Nebraska that are subject to taxation by the state; (b) Scouting and spending related to the production activity in the st…
Neb. Rev. Stat. § 77-3125 Tax credit; eligibility; amount.
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(1) For taxable years beginning or deemed to begin on or after January 1, 2025, a production company shall be eligible to receive tax credits under the Cast and Crew Nebraska Act for qualifying expenditures incurred by the production company in Nebraska directly attributable to a…
Neb. Rev. Stat. § 77-3126 Tax credit; limitations.
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(1) The total amount of tax credits allowed in any fiscal year under the Cast and Crew Nebraska Act shall not exceed five hundred thousand dollars. (2) The maximum allowable tax credit claimed under the act in any single taxable year for any qualified production activity that is …
Neb. Rev. Stat. § 77-3127 Production activity; application for qualification; contents; fee.
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(1) For a production activity to qualify as a qualified production activity under the Cast and Crew Nebraska Act, a production company must file an application for qualification of a production activity to the department at least: (a) Thirty days prior to the start of principal p…
Neb. Rev. Stat. § 77-3128 Production activity; application for qualification; approval.
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(1) If the department determines that an application for qualification is complete and that the production activity qualifies under the Cast and Crew Nebraska Act, the department shall approve the application, notify the production company of the approval, and issue a screen cred…
Neb. Rev. Stat. § 77-3129 Tax credit; application; contents.
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To receive tax credits under the Cast and Crew Nebraska Act, the production company shall submit an application to the department on a form prescribed by the department after the completion of the qualified production activity. Such application shall contain the following informa…
Transferred to section 77-394.
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[Repealed or reserved.]
Neb. Rev. Stat. § 77-3130 Tax credit; application; approval; audit; tax credit certification.
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(1) If the department determines that an application is complete and that the production company qualifies for tax credits under the Cast and Crew Nebraska Act, the department shall approve the application, notify the production company of the approval, and conduct an audit of ea…
Neb. Rev. Stat. § 77-3131 Tax credit; how claimed; transfer.
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(1) A taxpayer shall claim the tax credit under the Cast and Crew Nebraska Act by attaching the tax credit certification received from the department under section 77-3130 to its tax return for the taxable year in which the tax credit certification was issued or in the three taxa…
Neb. Rev. Stat. § 77-3132 Tax credit; recipient; effect on grant eligibility.
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A production company that receives tax credits under the Cast and Crew Nebraska Act shall not be eligible for a grant under subsection (3) of section 81-1220.
Neb. Rev. Stat. § 77-3133 Rules and regulations.
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The department shall adopt and promulgate rules and regulations to carry out the Cast and Crew Nebraska Act.
Neb. Rev. Stat. § 77-3134 Nebraska Shortline Rail Modernization Act, how cited.
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Sections 77-3134 to 77-3143 shall be known and may be cited as the Nebraska Shortline Rail Modernization Act.
Neb. Rev. Stat. § 77-3135 Terms, defined.
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For purposes of the Nebraska Shortline Rail Modernization Act: (1) Department means the Department of Revenue; (2) Eligible taxpayer means any shortline railroad company located wholly or partly in Nebraska that is classified by the federal Surface Transportation Board as a Class…
Neb. Rev. Stat. § 77-3136 Tax credit; amount; limitations.
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(1) For taxable years beginning or deemed to begin on or after January 1, 2025, under the Internal Revenue Code of 1986, as amended, an eligible taxpayer shall be allowed a credit against the income tax imposed by the Nebraska Revenue Act of 1967 or any tax imposed by sections 77…
Neb. Rev. Stat. § 77-3137 Tax credit; application; contents.
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To receive tax credits under the Nebraska Shortline Rail Modernization Act, an eligible taxpayer shall submit an application to the department on a form prescribed by the department after incurring the relevant qualified shortline railroad maintenance expenditures. The applicatio…
Neb. Rev. Stat. § 77-3138 Tax credit; application; approval; certificate.
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(1) If the department determines that an application is complete and that the eligible taxpayer qualifies for tax credits under the Nebraska Shortline Rail Modernization Act, the department shall approve the application and issue a tax credit certificate to the eligible taxpayer.…
Neb. Rev. Stat. § 77-3139 Tax credit; how claimed.
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(1) A taxpayer shall claim the tax credit under the Nebraska Shortline Rail Modernization Act by attaching the tax credit certification received from the department under section 77-3138 to its tax return. (2) Any amount of the credit that is unused may be carried forward and app…
Transferred to section 77-395.
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[Repealed or reserved.]
Neb. Rev. Stat. § 77-3140 Tax credit; assignment.
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The tax credits allowed under the Nebraska Shortline Rail Modernization Act may be assigned by the eligible taxpayer to another taxpayer by written agreement at any time during the taxable year in which the credit was first allowed for the eligible taxpayer or in the five taxable…
Neb. Rev. Stat. § 77-3141 Tax credit; distribution.
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Any tax credit allowable to a partnership, a limited liability company, a subchapter S corporation, or an estate or trust may be distributed to the partners, limited liability company members, shareholders, or beneficiaries in the same manner as income is distributed.
Neb. Rev. Stat. § 77-3142 Rules and regulations.
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The department may adopt and promulgate rules and regulations to carry out the Nebraska Shortline Rail Modernization Act.
Neb. Rev. Stat. § 77-3143 Tax credit; application; deadline.
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There shall be no new applications for tax credits filed under the Nebraska Shortline Rail Modernization Act after December 31, 2033. All applications and all credits pending or approved before such date shall continue in full force and effect.
Neb. Rev. Stat. § 77-3144 Nebraska Pregnancy Help Act, how cited.
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Sections 77-3144 to 77-3153 shall be known and may be cited as the Nebraska Pregnancy Help Act.
Neb. Rev. Stat. § 77-3145 Legislative findings and declarations.
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The Legislature finds and declares that: (1) Pregnancy help organizations in the State of Nebraska and nationwide provide under-supported pregnant women with services, free of charge, that are crucial for their physical, emotional, and familial wellbeing, including pregnancy test…
Neb. Rev. Stat. § 77-3146 Terms, defined.
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For purposes of the Nebraska Pregnancy Help Act: (1) Department means the Department of Revenue; and (2) Eligible charitable organization means an organization that: (a) Is exempt from federal income taxation under section 501(c)(3) of the Internal Revenue Code of 1986, as amende…
Neb. Rev. Stat. § 77-3147 Eligible charitable organization; certification; contents; approval.
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(1) An organization seeking to become an eligible charitable organization shall provide the department with a written certification that it meets all criteria to be considered an eligible charitable organization. The certification must be signed by an officer of the organization …
Neb. Rev. Stat. § 77-3148 Tax credit; individual taxpayer; amount.
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(1) An individual taxpayer who makes one or more cash contributions to one or more eligible charitable organizations during a tax year shall be eligible for a credit against the income tax due under the Nebraska Revenue Act of 1967. Except as otherwise provided in the Nebraska Pr…
Neb. Rev. Stat. § 77-3149 Tax credit; partnership, limited liability company, or subchapter S corporation; amount.
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(1) Any partnership, limited liability company, or corporation having an election in effect under subchapter S of the Internal Revenue Code of 1986, as amended, that is carrying on any trade or business for which deductions would be allowed under section 162 of the Internal Reven…
Transferred to section 77-396.
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[Repealed or reserved.]
Neb. Rev. Stat. § 77-3150 Tax credit; estate or trust; amount.
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(1) An estate or trust that makes one or more cash contributions to one or more eligible charitable organizations during a tax year shall be eligible for a credit against the income tax due under the Nebraska Revenue Act of 1967. Except as otherwise provided in the Nebraska Pregn…
Neb. Rev. Stat. § 77-3151 Tax credit; corporate taxpayer; amount.
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(1) A corporate taxpayer as defined in section 77-2734.04 that makes one or more cash contributions to one or more eligible charitable organizations during a tax year shall be eligible for a credit against the income tax due under the Nebraska Revenue Act of 1967. Except as other…
Neb. Rev. Stat. § 77-3152 Tax credit; contributions; procedure; annual limit.
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(1) Prior to making a contribution to an eligible charitable organization, any taxpayer desiring to claim a tax credit under the Nebraska Pregnancy Help Act shall notify the eligible charitable organization of the taxpayer's intent to make a contribution and the amount to be clai…