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1,940 sections in this chapter.
Neb. Rev. Stat. § 77-7016 Rules and regulations.
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The department may adopt and promulgate rules and regulations to carry out the Nebraska Biodiesel Tax Credit Act.
Neb. Rev. Stat. § 77-7017 Sustainable Aviation Fuel Tax Credit Act, how cited.
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Sections 77-7017 to 77-7022 shall be known and may be cited as the Sustainable Aviation Fuel Tax Credit Act.
Neb. Rev. Stat. § 77-7018 Terms, defined.
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For purposes of the Sustainable Aviation Fuel Tax Credit Act: (1) Applicable material means: (a) Monoglycerides, diglycerides, and triglycerides; (b) Free fatty acids; and (c) Fatty acid esters; (2) Applicable supplementary amount means an amount equal to one cent for each percen…
Neb. Rev. Stat. § 77-7019 Tax credit; amount; qualifications; application; approval; annual limit.
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(1) For taxable years beginning or deemed to begin on or after January 1, 2027, under the Internal Revenue Code of 1986, as amended, there shall be allowed a credit against the income tax imposed by the Nebraska Revenue Act of 1967 or any tax imposed pursuant to sections 77-907 t…
Neb. Rev. Stat. § 77-702 Property Tax Administrator; qualifications; duties.
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(1) The Governor shall appoint a Property Tax Administrator with the approval of a majority of the members of the Legislature. The Property Tax Administrator shall have experience and training in the fields of taxation and property appraisal and shall meet all the qualifications …
Neb. Rev. Stat. § 77-7020 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. § 77-7021 Rules and regulations.
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The department may adopt and promulgate rules and regulations to carry out the Sustainable Aviation Fuel Tax Credit Act.
Neb. Rev. Stat. § 77-7022 Act; termination.
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The Sustainable Aviation Fuel Tax Credit Act terminates on January 1, 2035.
Neb. Rev. Stat. § 77-705 Uniform tax books, records, and forms; approval.
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The form of all schedules, books of instruction, assessment and tax books, records, and other forms which may be necessary or expedient for the proper administration of the property tax laws of the state shall be approved by the Tax Commissioner. All such schedules, forms, and do…
Neb. Rev. Stat. § 77-706 Property tax administration; implementation of agreements and working relationships; state and federal agencies.
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The Department of Revenue may develop and implement such agreements and working relationships which are consistent with the laws of the State of Nebraska with any federal office, state agency, or local subdivision of state government, either within or without the State of Nebrask…
Neb. Rev. Stat. § 77-707 Property Tax Administrator; administer oaths; compel attendance of witnesses; production of records; rules of procedure for discovery.
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(1) The Property Tax Administrator or his or her duly authorized representative may administer oaths, compel the attendance of witnesses, and require the production of records as may be necessary for the performance of his or her responsibilities under applicable state law. (2) T…
Neb. Rev. Stat. § 77-709 Property assessment division; annual report; powers and duties.
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The property assessment division of the Department of Revenue shall publish an annual report detailing property tax valuations, taxes levied, and property tax rates throughout the state. The annual report shall display information by political subdivision and by property type wit…
Neb. Rev. Stat. § 77-7201 Act, how cited.
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Sections 77-7201 to 77-7205 shall be known and may be cited as the Child Care Tax Credit Act.
Neb. Rev. Stat. § 77-7202 Terms, defined.
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For purposes of the Child Care Tax Credit Act: (1) Child means an individual who is five years of age or less; (2) Department means the Department of Revenue; (3) Eligible program means a program that is licensed as a family child care home I, family child care home II, child car…
Neb. Rev. Stat. § 77-7203 Parent or legal guardian; tax credit; eligibility; amount; application; approval, conditions.
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(1) For taxable years beginning or deemed to begin on or after January 1, 2024, under the Internal Revenue Code of 1986, as amended, a parent or legal guardian who is a resident of the State of Nebraska shall be eligible to receive a credit against the income tax imposed by the N…
Neb. Rev. Stat. § 77-7204 Taxpayer; qualifying contribution; income tax; premium and related retaliatory tax; franchise tax; credit; amount; eligibility; application; approval, conditions.
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(1) For taxable years beginning or deemed to begin on or after January 1, 2024, under the Internal Revenue Code of 1986, as amended, any taxpayer who makes a qualifying contribution during the taxable year shall be eligible to receive a credit that may be used to offset any incom…
Neb. Rev. Stat. § 77-7205 Rules and regulations.
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The department may adopt and promulgate rules and regulations to carry out the Child Care Tax Credit Act.
Neb. Rev. Stat. § 77-7301 Act, how cited.
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Sections 77-7301 to 77-7305 shall be known and may be cited as the School District Property Tax Relief Act.
Neb. Rev. Stat. § 77-7302 Purpose of act.
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The purpose of the School District Property Tax Relief Act is to provide property tax relief for property taxes levied against real property by school districts. The property tax relief will be made to owners of real property in the form of a property tax credit.
Neb. Rev. Stat. § 77-7303 Terms, defined.
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For purposes of the School District Property Tax Relief Act: (1) School district has the same meaning as in section 79-101; and (2) School district taxes means property taxes levied on real property in this state by a school district or multiple-district school system, excluding …
Neb. Rev. Stat. § 77-7304 School District Property Tax Relief Credit Fund; created; use; investment; fund transfers.
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(1) The School District Property Tax Relief Credit Fund is created. The fund shall only be used pursuant to the School District Property Tax Relief Act. Any money in the fund available for investment shall be invested by the state investment officer pursuant to the Nebraska Capit…
Neb. Rev. Stat. § 77-7305 Property tax credit; amount; county treasurer; duties.
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(1) The School District Property Tax Relief Act shall apply to tax year 2024 and each tax year thereafter. The property tax relief shall be in the form of property tax credits which appear on property tax statements. Property tax credits granted under the act shall be credited ag…
Neb. Rev. Stat. § 77-801 Public service entity; furnish information; confidentiality; Property Tax Administrator; duties.
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(1) All public service entities shall, on or before April 15 of each year, furnish a statement specifying such information as may be required by the Property Tax Administrator on forms prescribed by the Tax Commissioner to determine and distribute the entity's total taxable value…
Neb. Rev. Stat. § 77-801.01 Terms, defined.
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As used in sections 77-801 to 77-804: (1) Nonoperating property means property owned or leased by a public service entity that does not contribute to the entity's function; (2) Operating property means property owned or leased that contributes to a public service entity's functio…
Neb. Rev. Stat. § 77-801.02 Tax Commissioner; powers.
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The Tax Commissioner shall have power to require any officer, agent, or servant of any public service entity having any portion of its property in this state to attend a hearing and to answer under oath questions regarding the property. The Tax Commissioner shall have power to is…
Neb. Rev. Stat. § 77-802 Property Tax Administrator; valuation; apportionment of tax.
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The Property Tax Administrator shall apportion the total taxable value including the franchise value to all taxing subdivisions in proportion to the ratio of the original cost of all operating real and tangible personal property of that public service entity having a situs in tha…
Neb. Rev. Stat. § 77-802.01 County assessor; duties; lien.
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For purposes of certifying values pursuant to section 13-509, the county assessor shall include the public service entity value as certified by the Property Tax Administrator pursuant to section 77-802. The taxes so levied shall be included upon the personal property tax roll and…
Neb. Rev. Stat. § 77-802.02 Public service entity; appeals.
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On or before September 10, if a public service entity feels aggrieved, such public service entity may file an appeal with the Tax Commissioner. The Tax Commissioner shall act upon the appeal and shall issue a written order mailed to the entity within seven days after the date of …
Neb. Rev. Stat. § 77-803 Public service entity; failure to furnish statement or information; penalty; waiver.
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For each day's failure to furnish the statement required by section 77-801 or for each day's failure to furnish the information as required on those statements, the public service entity may be assessed a penalty in the amount of one hundred dollars, except that the penalty shall…
Neb. Rev. Stat. § 77-804 Sale of entity; report required; penalty; waiver.
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Any sale of a public service entity as defined in section 77-801.01 shall be reported by the purchaser to the Property Tax Administrator within thirty days from the date of the sale. The purchaser shall identify the seller, the date of the sale, any change in name of the entity, …
Neb. Rev. Stat. § 77-907 Terms, defined.
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As used in Chapter 77, article 9, unless the context otherwise requires: (1) Domestic, foreign, and alien insurance companies shall have the meanings as set forth in section 44-103 and shall include reciprocal or interinsurance exchanges and their designated attorneys in fact as …
Neb. Rev. Stat. § 77-908 Insurance companies; tax on gross premiums; rate; exceptions.
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(1) Every insurance company organized under the stock, mutual, assessment, or reciprocal plan, except fraternal benefit societies, which is transacting business in this state shall, on or before March 1 of each year, pay a tax to the director of one percent of the gross amount of…
Neb. Rev. Stat. § 77-910 Computation of tax; forms; department furnish; audit of returns; erroneous payment; refund; limitation.
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(1) The computation of the taxes as provided in Chapter 77, article 9, shall be made on forms furnished by the Department of Insurance and shall be forwarded to the department together with a sworn statement by an appropriate fiscal officer of the company attesting the accuracy o…
Neb. Rev. Stat. § 77-911 Tax; failure to remit; license rescinded; notice; hearing; appeal.
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The director shall rescind or refuse to reissue the license of any company which fails to remit its taxes in conformity with Chapter 77, article 9. Prior to rescinding such license, the director shall issue an order to such company directing the company to show cause why such res…
Neb. Rev. Stat. § 77-912 Tax; Director of Insurance; disposition; exceptions.
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The Director of Insurance shall transmit fifty percent of the taxes paid in conformity with Chapter 44, article 1, and Chapter 77, article 9, to the State Treasurer, forty percent of such taxes paid to the General Fund, and ten percent of such taxes paid to the Mutual Finance Ass…
Neb. Rev. Stat. § 77-913 Insurance Tax Fund; created; use; investment; allocation.
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The Insurance Tax Fund is created. The State Treasurer shall receive the funds paid pursuant to Chapter 77, article 9, and except as provided in sections 77-912 and 77-918 shall keep all money received in the Insurance Tax Fund. Any money in the fund available for investment shal…
Neb. Rev. Stat. § 77-915 Tax; challenge to constitutionality; tax paid under protest; credit refund.
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(1) Commencing with taxes imposed for 1985 or any subsequent year, if a taxpayer believes any tax imposed pursuant to Chapter 77, article 9, is unconstitutional and chooses to challenge such tax, the taxpayer shall pay the tax under protest and, within thirty days after payment o…
Neb. Rev. Stat. § 77-916 Tax; no injunction allowed.
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No injunction shall be granted restraining the collection of taxes levied pursuant to Chapter 77, article 9. The provisions of section 77-915 shall be the exclusive remedy available to the taxpayer.
Neb. Rev. Stat. § 77-917 Political subdivision; return of funds not required.
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Any political subdivision which has received funds pursuant to section 77-913 shall not be required to return any funds received pursuant to such section resulting from a final order or judgment of a court that such tax is unconstitutional.
Neb. Rev. Stat. § 77-918 Prepayment of tax; when due; Premium and Retaliatory Tax Suspense Fund; created; investment.
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Insurers transacting insurance in this state whose annual tax for the preceding taxable year was four thousand dollars or more shall make prepayments of the annual taxes imposed pursuant to Chapter 77, article 9, and related retaliatory taxes imposed pursuant to Chapter 44, artic…