Chapter 77 — REVENUE AND TAXATION

2,526 sections in this chapter.

2,526 sectionsFiltered byCh 77

Repealed. Laws 1996, LB 891, § 1.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1996, LB 891, § 1.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1996, LB 891, § 1.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1996, LB 891, § 1.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1996, LB 891, § 1.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1996, LB 898, § 8.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1996, LB 898, § 8.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1996, LB 898, § 8.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1996, LB 898, § 8.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1996, LB 898, § 8.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1996, LB 898, § 8.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1996, LB 898, § 8.
0.0K chars
[Repealed or reserved.]
Neb. Rev. Stat. § 77-4901 Act, how cited.
0.1K chars
Sections 77-4901 to 77-4935 shall be known and may be cited as the Quality Jobs Act.
Neb. Rev. Stat. § 77-4902 Policy.
0.4K chars
It is the policy of this state to make revisions in its statutory structure if this will encourage both new and existing businesses to relocate to and expand in Nebraska and to provide appropriate inducements to encourage them to do so if this will aid in the economic and populat…
Neb. Rev. Stat. § 77-4903 Definitions, where found.
0.1K chars
For purposes of the Quality Jobs Act, the definitions found in sections 77-4904 to 77-4926 shall be used.
Neb. Rev. Stat. § 77-4904 Additional definitions.
0.2K chars
Any term defined in the Nebraska Revenue Act of 1967 and used in the Quality Jobs Act has the same meaning in the Quality Jobs Act unless the context requires a different meaning.
Neb. Rev. Stat. § 77-4905 Agreement, defined.
0.1K chars
Agreement means the agreement between the company and the state.
Neb. Rev. Stat. § 77-4906 Base year, defined.
0.1K chars
Base year means the year immediately preceding the year during which the application was submitted.
Neb. Rev. Stat. § 77-4907 Base-year employee, defined.
0.2K chars
Base-year employee means any individual who was employed in Nebraska and subject to the Nebraska income tax on compensation received from the company or its predecessors during the base year and who is employed at the project.
Neb. Rev. Stat. § 77-4908 Board, defined.
0.1K chars
Board means the Governor, the State Treasurer, and the chairperson of the Nebraska Investment Council.
Neb. Rev. Stat. § 77-4909 Company, defined.
0.6K chars
Company means any person subject to the sales and use taxes and either the income tax imposed by the Nebraska Revenue Act of 1967 or the franchise tax under sections 77-3801 to 77-3807, any corporation, partnership, limited liability company, or joint venture that is or would oth…
Neb. Rev. Stat. § 77-4910 Company training program, defined.
0.5K chars
Company training program means any program developed or operated by or for the benefit of the company which screens, trains, or educates recruits, potential employees, or actual employees of the company, or any combination thereof, in order to enable the recruits or employees to …
Neb. Rev. Stat. § 77-4911 Company workplace safety program, defined.
0.2K chars
Company workplace safety program means any program developed by or operated by or for the benefit of the workplace safety of employees employed at the project.
Neb. Rev. Stat. § 77-4912 Compensation, defined.
0.1K chars
Compensation means the wages and other payments subject to withholding for federal income tax purposes.
Neb. Rev. Stat. § 77-4913 Educational institution training program, defined.
0.3K chars
Educational institution training program means any training program established by or operated by any public or private educational institution that provides training or education for recruits, potential employees, or actual employees of the company, or any combination thereof, w…
Neb. Rev. Stat. § 77-4914 Employee, defined.
0.0K chars
Employee means a person employed at the project.
Neb. Rev. Stat. § 77-4915 Employee benefit program, defined.
0.3K chars
Employee benefit program means health and dental benefits, dependent care, life insurance, disability insurance, or relocation costs provided to or for the benefit of employees, which programs are qualified under the Internal Revenue Code of 1986, as amended.
Neb. Rev. Stat. § 77-4916 Entitlement period, defined.
0.2K chars
Entitlement period is ten years, meaning the year after which the required increases in employment and investment were met or exceeded and the next one hundred eight months.
Neb. Rev. Stat. § 77-4917 Equivalent employees, defined.
0.2K chars
Equivalent employees means the number of employees computed by dividing the total hours paid in a year by the product of forty times the number of weeks in a year.
Neb. Rev. Stat. § 77-4918 Investment, defined.
0.6K chars
Investment means the value of qualified property incorporated into or used at the project after the date of the application. For qualified property owned by the company, the value is the original cost of the property. For qualified property rented by the company, the value is the…
Neb. Rev. Stat. § 77-4919 Number of new employees, defined.
0.2K chars
Number of new employees means the excess of the number of equivalent employees employed at the project during a year over the number of equivalent employees during the base year.
Neb. Rev. Stat. § 77-4920 Project, defined.
0.1K chars
Project means a project described in the Quality Jobs Act and approved by the board.
Neb. Rev. Stat. § 77-4921 Project year, defined.
0.1K chars
Project year means any year or portion of a year during the entitlement period of the project.
Neb. Rev. Stat. § 77-4922 Qualified business, defined.
1.4K chars
Qualified business means any business engaged in the activities listed in subdivisions (1) through (5) of this section or in the storage, warehousing, distribution, transportation, or sale of tangible personal property. Qualified business does not include any business activity in…
Neb. Rev. Stat. § 77-4923 Qualified property, defined.
0.4K chars
Qualified property means any tangible property of the 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. Qualified property does not in…
Neb. Rev. Stat. § 77-4924 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 section 267(b) and (c) of the Int…
Neb. Rev. Stat. § 77-4925 Wage benefit credit, defined.
0.1K chars
Wage benefit credit means the credit described in the Quality Jobs Act.
Neb. Rev. Stat. § 77-4926 Year, defined.
0.0K chars
Year means the taxable year of the company.
Neb. Rev. Stat. § 77-4927 Wage benefit credit; calculation; excess withholding; refund.
4.1K chars
(1) If a company has entered into an agreement with the state pursuant to section 77-4928, employees who are employed at the project covered by the agreement, other than base-year employees, shall during each project year receive the wage benefit credit in the manner provided in …
Neb. Rev. Stat. § 77-4927.01 Alternate wage benefit credit; calculation; use.
3.4K chars
(1) The policy of the state in adopting the Quality Jobs Act as stated in section 77-4902 is to encourage new businesses to relocate to and existing businesses to expand in Nebraska and to provide appropriate inducements to encourage them to do so. Depending on the nature of the …
Neb. Rev. Stat. § 77-4927.02 Refund claims; interest not allowable.
0.2K chars
For all refund claims filed on or after October 1, 1998, interest shall not be allowable on any refunds paid because of benefits earned under the Quality Jobs Act.
Neb. Rev. Stat. § 77-4928 Wage benefit credit; application for agreement; contents; fee; approval.
4.9K chars
(1) In order for the employee and company to be eligible for the wage benefit credit, the company shall file an application for an agreement with the board. (2) The application shall contain: (a) The exact name of the company and any related companies which will be included in th…
Neb. Rev. Stat. § 77-4929 Wage benefit credit; recapture or disallowance; interest and penalties.
3.1K chars
(1) If the company fails either to meet the required levels of employment or investment for the project by the end of the sixth year after the end of the year the application was filed for such project or to utilize such project in a qualified business at or above the required le…
Neb. Rev. Stat. § 77-4930 Transfer of project.
0.4K chars
A project covered by an agreement may be transferred in its entirety by sale or lease to another person or in an acquisition of assets qualifying under section 381 of the Internal Revenue Code of 1986, as amended. The acquiring persons shall be entitled to the same benefits as th…
Neb. Rev. Stat. § 77-4931 Transactions and activities excluded.
2.2K chars
The following transactions or activities shall not create any investment, result in an increase in the number of new employees, or create any wage benefit credits under the Quality Jobs Act except as specifically allowed by this section: (1) The acquisition of a business located …
Neb. Rev. Stat. § 77-4932 Rules and regulations.
0.3K chars
The Department of Revenue, in consultation with the Governor and the Department of Economic Development, may, but is not required to, adopt and promulgate all rules and regulations determined by the Tax Commissioner in his or her discretion to be necessary or appropriate to carry…
Neb. Rev. Stat. § 77-4933 Report; contents; joint hearing.
1.5K chars
(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 report …
Neb. Rev. Stat. § 77-4934 Act; applicability.
0.1K chars
The Quality Jobs Act applies to applications filed, board actions taken, and agreements entered into on or after February 1, 1995.
Neb. Rev. Stat. § 77-4934.01 Changes to act; applicability.
0.5K chars
Section 77-4927.01 and the changes made to sections 77-4901 and 77-4925 by Laws 1996, LB 1368, apply to any agreement entered into under the Quality Jobs Act after July 19, 1996. The changes made to sections 77-4928 and 77-4929 by Laws 1998, LB 939, apply to all applications file…
Neb. Rev. Stat. § 77-4934.02 Laws 1997 changes to act; applicability.
0.2K chars
The changes made in sections 77-4901, 77-4909, and 77-4924 by Laws 1997, LB 264, apply to investments made or employment on or after January 1, 1997, and for all agreements in effect on or after January 1, 1997.