Chapter 77 — REVENUE AND TAXATION
2,526 sections in this chapter.
Transferred to section 77-5022.
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[Repealed or reserved.]
Transferred to section 77-5023.
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[Repealed or reserved.]
Repealed. Laws 1991, LB 320, § 13.
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[Repealed or reserved.]
Repealed. Laws 1987, LB 508, § 50.
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[Repealed or reserved.]
Transferred to section 77-5024.
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[Repealed or reserved.]
Repealed. Laws 1987, LB 508, § 50.
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[Repealed or reserved.]
Transferred to section 77-5025.
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[Repealed or reserved.]
Transferred to section 77-5026.
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[Repealed or reserved.]
Transferred to section 77-5027.
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[Repealed or reserved.]
Transferred to section 77-5028.
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[Repealed or reserved.]
Transferred to section 77-5029.
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[Repealed or reserved.]
Transferred to section 77-5030.
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[Repealed or reserved.]
Repealed. Laws 1997, LB 397, § 51.
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[Repealed or reserved.]
Repealed. Laws 1969, c. 793, § 1.
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[Repealed or reserved.]
Repealed. Laws 2000, LB 1135, § 34.
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[Repealed or reserved.]
Repealed. Laws 2000, LB 1135, § 34.
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[Repealed or reserved.]
Repealed. Laws 2000, LB 1135, § 34.
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[Repealed or reserved.]
Repealed. Laws 2000, LB 1135, § 34.
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[Repealed or reserved.]
Repealed. Laws 2000, LB 1135, § 34.
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[Repealed or reserved.]
Repealed. Laws 1997, LB 397, § 51.
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[Repealed or reserved.]
Repealed. Laws 1969, c. 657, § 1.
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[Repealed or reserved.]
Repealed. Laws 1969, c. 657, § 1.
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[Repealed or reserved.]
Repealed. Laws 1969, c. 657, § 1.
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[Repealed or reserved.]
Repealed. Laws 1969, c. 411, § 1.
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[Repealed or reserved.]
Repealed. Laws 1969, c. 411, § 1.
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[Repealed or reserved.]
Repealed. Laws 1969, c. 657, § 1.
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[Repealed or reserved.]
Transferred to section 77-1316.01.
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[Repealed or reserved.]
Transferred to section 77-1613.02.
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[Repealed or reserved.]
Neb. Rev. Stat. § 77-5201 Act, how cited.
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Sections 77-5201 to 77-5215 shall be known and may be cited as the Beginning Farmer Tax Credit Act.
Neb. Rev. Stat. § 77-5202 Legislative findings.
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(1) The Legislature hereby finds and declares that: (a) Current farm economic conditions in the State of Nebraska have resulted in unemployment, outmigration of people, loss of agricultural jobs, and difficulty in attracting and retaining farm operations; and (b) Major revisions …
Neb. Rev. Stat. § 77-5203 Terms, defined.
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For purposes of the Beginning Farmer Tax Credit Act: (1) Agricultural assets means agricultural land, livestock, farming, or livestock production facilities or buildings and machinery used for farming or livestock production located in Nebraska; (2) Board means the Beginning Farm…
Neb. Rev. Stat. § 77-5204 Beginning Farmer Board; created; duties.
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For the purpose of developing and directing programs to provide increased and enhanced opportunities for beginning farmers and livestock producers, the Beginning Farmer Board is created. For administrative and budgetary purposes only, the board shall be housed within the Departme…
Neb. Rev. Stat. § 77-5205 Board; members; vacancies; removal.
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The board shall consist of the following members: (1) The Director of Agriculture or his or her designee; (2) The Tax Commissioner or his or her designee; (3) One individual representing lenders of agricultural credit; (4) One individual of the academic community with extensive k…
Neb. Rev. Stat. § 77-5206 Board; officers; expenses.
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Once every two years, the members of the board shall elect a chairperson and a vice-chairperson. A member of the board may be reelected to the position of chairperson or vice-chairperson upon the discretion of the board. Members of the board shall be reimbursed for expenses as pr…
Neb. Rev. Stat. § 77-5207 Board; quorum.
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Four of the members of the board shall constitute a quorum for the transaction of official business. The affirmative vote of at least four members shall be necessary for any action to be taken by the board. No vacancy in the membership of the board shall constitute an impairment …
Neb. Rev. Stat. § 77-5208 Board; meetings; application; approval; deadline.
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The board shall meet at least twice during the year. The board shall review pending applications in order to approve and certify beginning farmers and livestock producers as eligible for the programs provided by the board, to approve and certify owners of agricultural assets as e…
Neb. Rev. Stat. § 77-5209 Beginning farmer or livestock producer; qualifications.
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(1) The board shall determine who is qualified as a beginning farmer or livestock producer based on the qualifications found in this section. A qualified beginning farmer or livestock producer shall be an individual who: (a) Has a net worth of not more than seven hundred fifty th…
Neb. Rev. Stat. § 77-5209.01 Tax credit for financial management program participation.
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A qualified beginning farmer or livestock producer shall be allowed a one-time refundable credit against the income tax imposed by the Nebraska Revenue Act of 1967 for the cost of participation in the financial management program required for eligibility under section 77-5209. Th…
Neb. Rev. Stat. § 77-5209.02 Personal property tax exemption; authorized; application; form; county assessor; duties; protest; hearing; appeal; continuation of exemption.
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(1) Agricultural and horticultural machinery and equipment of a qualified beginning farmer or livestock producer utilized in the beginning farmer's or livestock producer's operation may be exempt from tangible personal property tax to the extent provided in this section. (2) A qu…
Neb. Rev. Stat. § 77-5210 Board; annual report.
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The board shall submit an annual report of the activities and actions of the board for the preceding fiscal year to the Governor, the Legislative Fiscal Analyst, and the Clerk of the Legislature by December 1. The report submitted to the Legislative Fiscal Analyst and the Clerk o…
Neb. Rev. Stat. § 77-5211 Owner of agricultural assets; tax credit; when.
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(1) Except as otherwise disallowed under subsection (7) of this section, an owner of agricultural assets shall be allowed a refundable credit against the income tax imposed by the Nebraska Revenue Act of 1967 for agricultural assets rented on a rental agreement basis, including c…
Neb. Rev. Stat. § 77-5212 Rental agreement; requirements; appeal.
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In evaluating a rental agreement between an owner of agricultural assets and a qualified beginning farmer or livestock producer, the board shall not approve and certify credit for an owner of agricultural assets who has, with fault, terminated a prior board approved and certified…
Neb. Rev. Stat. § 77-5213 Tax credit; amount; agreement; review.
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(1) The tax credit approved and certified by the board under section 77-5211 for an owner of agricultural assets in the first, second, or third year of a qualifying rental agreement shall be equal to (a) ten percent of the gross rental income stated in a rental agreement that is …
Neb. Rev. Stat. § 77-5214 Board; support and assistance.
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In order to carry out the provisions of the Beginning Farmer Tax Credit Act, the Department of Agriculture shall provide any and all of the necessary support and assistance to the board.
Neb. Rev. Stat. § 77-5215 Changes; when operative.
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(1) The changes made in sections 77-5201, 77-5203, 77-5208, 77-5209, and 77-5211 to 77-5213 by Laws 2006, LB 990, shall become operative for all credits earned in tax years beginning or deemed to begin on and after January 1, 2007, under the Internal Revenue Code of 1986, as amen…
Repealed. Laws 2001, Spec. Sess., LB 3, § 13.
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[Repealed or reserved.]
Repealed. Laws 2001, Spec. Sess., LB 3, § 13.
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[Repealed or reserved.]
Repealed. Laws 2001, Spec. Sess., LB 3, § 13.
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[Repealed or reserved.]
Repealed. Laws 2001, Spec. Sess., LB 3, § 13.
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[Repealed or reserved.]
Neb. Rev. Stat. § 77-5401 Act, how cited.
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Sections 77-5401 to 77-5414 shall be known and may be cited as the Rural Economic Opportunities Act.