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1,940 sections in this chapter.
Neb. Rev. Stat. § 77-6528 Base year, defined.
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Base year means the year immediately preceding the year of application.
Neb. Rev. Stat. § 77-6529 Defense contractor, defined.
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Defense contractor has the same meaning as in 50 U.S.C. 4552, as such section existed on January 1, 2025.
Neb. Rev. Stat. § 77-6530 Full-time employee, defined.
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Full-time employee means with respect to any month, an employee who is employed on average at least thirty hours of service per week.
Neb. Rev. Stat. § 77-6531 Nebraska statewide average hourly wage for any year, defined.
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Nebraska statewide average hourly wage for any year means the most recent statewide average hourly wage paid by all employers in all counties in Nebraska as calculated by the Office of Labor Market Information of the Department of Labor using annual data from the Quarterly Census…
Neb. Rev. Stat. § 77-6532 Performance period, defined.
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Performance period means the year of application plus the next nine years.
Neb. Rev. Stat. § 77-6533 Qualified employee, defined.
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Qualified employee means a person employed by the taxpayer who is (1) a full-time employee, (2) exclusively dedicated to supporting military defense efforts in this state, (3) paid wages at a rate equal to at least one hundred fifty percent of the Nebraska statewide average hourl…
Neb. Rev. Stat. § 77-6534 Qualified employer, defined.
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Qualified employer means a taxpayer that: (1) Employs (a) at least ten full-time qualified employees in Nebraska during the base year and (b) at least the same number of full-time qualified employees as were employed in the prior year for each year of the performance period; (2) …
Neb. Rev. Stat. § 77-6535 Taxpayer, defined.
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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 entity that is or would otherwise be a member of the same unitary group, if incorporated, that is subject to such sales and use…
Neb. Rev. Stat. § 77-6536 Wage credit, defined.
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Wage credit means the credit described in the Defense Efforts Workforce Act.
Neb. Rev. Stat. § 77-6537 Year, defined.
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Year means calendar year.
Neb. Rev. Stat. § 77-6538 Wage credit; amount; use.
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(1) If a qualified employer has entered into an agreement with the state pursuant to section 77-6539, the qualified employer shall during each year of the performance period receive the wage credit approved by the Tax Commissioner in the manner provided in the Defense Efforts Wor…
Neb. Rev. Stat. § 77-6539 Wage credit; application; fee; confidential information; approval; conditions; notice; agreement.
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(1) In order for the qualified employer to be eligible for the wage credit, the qualified employer shall file an application for an agreement with the Tax Commissioner. (2) The application shall: (a) State the exact name of the taxpayer and any related companies; (b) Include a de…
Neb. Rev. Stat. § 77-6540 Wage credit; recapture or disallowance; interest; penalties.
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(1) If the taxpayer fails to maintain the required level of employment and meet the wage requirements through the entire performance period, all or a portion of the wage credits shall be recaptured directly by the state from the taxpayer or shall be disallowed. In no event shall …
Neb. Rev. Stat. § 77-6541 Wage credit; transferable; when; effect.
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(1) The wage credits allowed under the Defense Efforts Workforce Act shall not be transferable except in the following situations: (a) Any credit allowable to a partnership, a limited liability company, a subchapter S corporation, a cooperative, including a cooperative exempt und…
Neb. Rev. Stat. § 77-6542 Rules and regulations.
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The Tax Commissioner may adopt and promulgate rules and regulations necessary or appropriate to carry out the purposes of the Defense Efforts Workforce Act.
Neb. Rev. Stat. § 77-6543 Report; joint hearing.
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(1) The Department of Revenue shall submit electronically an annual report to the Legislature no later than October 31 of each year. The report shall be on a fiscal year, accrual basis that satisfies the requirements set by the Governmental Accounting Standards Board. The Departm…
Neb. Rev. Stat. § 77-6544 Grow the Good Life Act, how cited.
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Sections 77-6544 to 77-6555 shall be known and may be cited as the Grow the Good Life Act.
Neb. Rev. Stat. § 77-6545 Purpose of act.
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The purpose of the Grow the Good Life Act is to provide incentives to encourage large in-state employers to retain workforce and their headquarters in-state, as well as attract or relocate workforce to the state, when there is a material change in ownership or control pursuant to…
Neb. Rev. Stat. § 77-6546 Terms, defined.
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For purposes of the Grow the Good Life Act: (1) Base year means the year immediately preceding the year during which the change in ownership and control occurred; (2) Base-year employees means the number of equivalent employees employed by the taxpayer during the base year in Neb…
Neb. Rev. Stat. § 77-6547 Additional definitions.
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Any term defined in the Nebraska Revenue Act of 1967 or in the ImagiNE Nebraska Act has the same meaning in the Grow the Good Life Act unless the context or the express language of the Grow the Good Life Act requires a different meaning.
Neb. Rev. Stat. § 77-6548 Wage retention credit; amount; use.
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(1) If an employer has entered into an agreement with the state pursuant to section 77-6549, the employer shall during each year of the earning period receive the wage retention credit approved by the director in the manner provided in the Grow the Good Life Act. (2) The wage ret…
Neb. Rev. Stat. § 77-6549 Wage retention credit; application; fee; confidentiality; approval of application; conditions; notice; agreement.
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(1) In order for the employer to be eligible for the wage retention credit, the employer shall file an application for an agreement with the director. (2) The application shall: (a) State the exact name of the taxpayer and any related companies; (b) Include a description, in deta…
Neb. Rev. Stat. § 77-6550 Wage retention credit; recapture or disallowance; interest; penalties.
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(1) If the employer fails to retain the required level of employment and retain its headquarters in the state throughout the entirety of the earning period and the usage period, all or a portion of the wage retention credits shall be recaptured directly by the state from the empl…
Neb. Rev. Stat. § 77-6551 Wage retention credit; transferable; when; effect.
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(1) The wage retention credits allowed under the Grow the Good Life Act shall not be transferable except in the following situations: (a) Any credit allowable to a partnership, a limited liability company, a subchapter S corporation, a cooperative, including a cooperative exempt …
Neb. Rev. Stat. § 77-6552 Rules and regulations.
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The Department of Economic Development and the Department of Revenue, in consultation with the Governor, may adopt and promulgate rules and regulations necessary or appropriate to carry out the purposes of the Grow the Good Life Act.
Neb. Rev. Stat. § 77-6553 Reports; joint hearing.
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(1) The Department of Economic Development and the Department of Revenue shall jointly submit electronically an annual report to the Legislature no later than October 31 of each year. The report shall be on a fiscal year, accrual basis that satisfies the requirements set by the G…
Neb. Rev. Stat. § 77-6554 Application; valid; when; director; Tax Commissioner; powers and duties.
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(1) Any complete application shall be considered a valid application on the date submitted for the purposes of the Grow the Good Life Act. (2) The director shall be allowed access, by the Tax Commissioner, to information associated with the Employment and Investment Growth Act, t…
Neb. Rev. Stat. § 77-6555 Applications; deadline.
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Applications under the Grow the Good Life Act may be filed beginning January 1, 2027, through May 31, 2029. All applications and all agreements pending, approved, or entered into on or before May 31, 2029, shall continue in full force and effect.
Neb. Rev. Stat. § 77-6601 Act, how cited.
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Sections 77-6601 to 77-6611 shall be known and may be cited as the Renewable Chemical Production Tax Credit Act.
Neb. Rev. Stat. § 77-6602 Legislative findings.
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The Legislature finds and declares that Nebraska is home to an emerging biotechnology and bioproducts sector that yields important innovations and collaborative opportunities with the existing agricultural sector. The Legislature further finds that advances in biotechnology and b…
Neb. Rev. Stat. § 77-6603 Terms, defined.
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For purposes of the Renewable Chemical Production Tax Credit Act, unless the context otherwise requires: (1) Biomass feedstock means sugar, starch, polysaccharide, glycerin, lignin, fat, grease, or oil derived from plants, animals, or algae or a protein capable of being converted…
Neb. Rev. Stat. § 77-6604 Eligible business; program certification application; approval; requirements; agreement.
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(1) A business may apply to the director for certification as an eligible business. The program certification application shall be in the form and be made under the procedures specified by the director. (2) Within thirty days after receiving a program certification application un…
Neb. Rev. Stat. § 77-6605 Program certification application; consideration; limitations.
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The director shall consider program certification applications under section 77-6604 in the order in which they are received. The director may accept program certification applications on a continuous basis or may establish, by rule and regulation, an annual program certification…
Neb. Rev. Stat. § 77-6606 Tax credit; application; contents; requirements; approval; effect.
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(1) An eligible business may apply to the Department of Revenue for tax credits under the Renewable Chemical Production Tax Credit Act. (2) To receive tax credits, the eligible business shall submit a tax credit application to the Department of Revenue on a form prescribed by the…
Neb. Rev. Stat. § 77-6607 Tax credit; amount; use; how claimed.
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(1) The tax credit under the Renewable Chemical Production Tax Credit Act shall be in an amount equal to the product of seven and one-half cents multiplied by the number of pounds of renewable chemicals produced in this state by the eligible business during each calendar year in …
Neb. Rev. Stat. § 77-6608 Tax credit; reduction, termination, or rescission; repayment or recapture of tax credit.
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The failure by an eligible business in fulfilling any requirement of the Renewable Chemical Production Tax Credit Act or any of the terms and obligations of an agreement entered into pursuant to section 77-6604 may result in the reduction, termination, or rescission of the tax cr…
Neb. Rev. Stat. § 77-6609 Trade secret; confidentiality.
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Except for the identity of a recipient of tax credits under the Renewable Chemical Production Tax Credit Act and the amount of such credits, any information or record in the possession of the Department of Economic Development or Department of Revenue with respect to the act shal…
Neb. Rev. Stat. § 77-6610 Reports.
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(1) On or before October 31 of each year, the Department of Economic Development and the Department of Revenue shall electronically submit an annual report to the Legislature. At a minimum, the report shall include the following information regarding tax credits and the recipient…
Neb. Rev. Stat. § 77-6611 Rules and regulations.
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The Department of Economic Development and Department of Revenue may adopt and promulgate rules and regulations necessary to carry out the Renewable Chemical Production Tax Credit Act.
Neb. Rev. Stat. § 77-6701 Act, how cited.
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Sections 77-6701 to 77-6706 shall be known and may be cited as the Nebraska Property Tax Incentive Act.
Neb. Rev. Stat. § 77-6702 Terms, defined.
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For purposes of the Nebraska Property Tax Incentive Act: (1) Community college taxes means property taxes levied on real property in this state by a community college area, excluding the following: (a) Any property taxes levied for bonded indebtedness; (b) Any property taxes levi…
Neb. Rev. Stat. § 77-6703 Tax credit for school district taxes paid.
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(1) For taxable years beginning or deemed to begin on or after January 1, 2020, and before January 1, 2024, under the Internal Revenue Code of 1986, as amended, there shall be allowed to each eligible taxpayer a refundable credit against the income tax imposed by the Nebraska Rev…
Neb. Rev. Stat. § 77-6704 Tax credit; refundable; procedure for certain taxpayers.
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The department shall develop a procedure which will allow eligible taxpayers who are not subject to Nebraska income tax or franchise tax to be able to claim and receive the refundable credits allowed under the Nebraska Property Tax Incentive Act.
Neb. Rev. Stat. § 77-6705 Rules and regulations.
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The department may adopt and promulgate rules and regulations to carry out the Nebraska Property Tax Incentive Act.
Neb. Rev. Stat. § 77-6706 Tax credit for community college taxes paid.
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(1) For taxable years beginning or deemed to begin on or after January 1, 2022, under the Internal Revenue Code of 1986, as amended, there shall be allowed to each eligible taxpayer a refundable credit against the income tax imposed by the Nebraska Revenue Act of 1967 or against …
Neb. Rev. Stat. § 77-679 Car line company, defined.
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For purposes of sections 77-680 to 77-691, car line company shall mean any person, other than a person operating a railroad, owning or operating any railroad cars through, in, or into the State of Nebraska.
Neb. Rev. Stat. § 77-680 Car line companies; annual statement.
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The president or other chief officer or owner of every car line company shall, on or before June 1 of each year, furnish to the Property Tax Administrator, on forms prescribed by the Tax Commissioner, a statement showing (1) the aggregate number of miles made by each class of its…
Neb. Rev. Stat. § 77-6801 Act, how cited.
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Sections 77-6801 to 77-6847 shall be known and may be cited as the ImagiNE Nebraska Act.
Neb. Rev. Stat. § 77-6802 Policy.
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The Legislature hereby finds and declares that it is the policy of this state to modernize its economic development platform in order to (1) encourage new businesses to relocate to Nebraska, (2) encourage existing businesses to remain and grow in Nebraska, (3) encourage the creat…
Neb. Rev. Stat. § 77-6803 Definitions, where found.
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For purposes of the ImagiNE Nebraska Act, the definitions found in sections 77-6804 to 77-6825 shall be used.