Chapter 77 — REVENUE AND TAXATION
2,526 sections in this chapter.
Neb. Rev. Stat. § 77-6201 Legislative findings and declarations.
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The Legislature finds and declares: (1) The purpose of the nameplate capacity tax levied under section 77-6203 is to replace property taxes currently imposed on renewable energy infrastructure and depreciated over a short period of time in a way that causes local budgeting challe…
Neb. Rev. Stat. § 77-6202 Terms, defined.
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For purposes of sections 77-6201 to 77-6204: (1) Commissioned means the renewable energy generation facility or energy storage resource has been in commercial operation for at least twenty-four hours. A renewable energy generation facility is not in commercial operation unless th…
Neb. Rev. Stat. § 77-6203 Nameplate capacity tax; annual payment; exemptions; Department of Revenue; duties; owner; file report; interest; penalties.
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(1)(a) The owner of a renewable energy generation facility annually shall pay a nameplate capacity tax equal to the total nameplate capacity of the commissioned renewable energy generation facility multiplied by a tax rate of three thousand five hundred eighteen dollars per megaw…
Neb. Rev. Stat. § 77-6204 County treasurer; distribute revenue; calculation.
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(1) The county treasurer shall distribute all revenue received from the Department of Revenue pursuant to section 77-6203 as follows: (a) Five percent of such revenue shall be distributed to the community college area in which the renewable energy generation facility or energy st…
Neb. Rev. Stat. § 77-621 Railroad property; valuation; contents of report.
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On or before August 10, the Property Tax Administrator shall certify to the railroad company and county assessor the railroad company's total taxable equalized value and the distribution of that value determined pursuant to section 77-604. The report of distributed value shall in…
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]
Neb. Rev. Stat. § 77-623 Railroad operating property; valuation; county assessor; duties; lien.
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For purposes of certifying values pursuant to section 13-509, the county assessor shall include the railroad company value as certified by the Property Tax Administrator pursuant to section 77-621. The taxes so levied shall be included upon the personal property tax roll and be d…
Repealed. Laws 1989, First Spec. Sess., LB 7, § 11.
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[Repealed or reserved.]
Repealed. Laws 1989, First Spec. Sess., LB 7, § 11.
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[Repealed or reserved.]
Repealed. Laws 1989, First Spec. Sess., LB 7, § 11.
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[Repealed or reserved.]
Repealed. Laws 1989, First Spec. Sess., LB 7, § 11.
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[Repealed or reserved.]
Transferred to section 77-1613.01.
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[Repealed or reserved.]
Repealed. Laws 1989, First Spec. Sess., LB 7, § 11.
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[Repealed or reserved.]
Repealed. Laws 1989, First Spec. Sess., LB 7, § 11.
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[Repealed or reserved.]
Repealed. Laws 1989, First Spec. Sess., LB 7, § 11.
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[Repealed or reserved.]
Neb. Rev. Stat. § 77-6301 Act, how cited.
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Sections 77-6301 to 77-6310 shall be known and may be cited as the Angel Investment Tax Credit Act.
Neb. Rev. Stat. § 77-6301.01 Legislative findings.
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The Legislature hereby finds and declares that it is the policy of this state to make revisions in Nebraska's tax structure in order to encourage entrepreneurship and to increase investment in high technology industries in underserved areas of Nebraska.
Neb. Rev. Stat. § 77-6302 Terms, defined.
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For purposes of the Angel Investment Tax Credit Act: (1) Director means the Director of Economic Development; (2) Family member means a family member within the meaning of section 267(c)(4) of the Internal Revenue Code of 1986, as amended; (3) Investment date means the latest of …
Neb. Rev. Stat. § 77-6303 Qualified small business; certification; application; form; director; duties; qualification; eligibility for tax credits.
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(1) A business may apply to the director for certification as a qualified small business. The application shall be in the form and be made under the procedures specified by the director. (2) Within thirty days after receiving an application for certification under this section, t…
Neb. Rev. Stat. § 77-6304 Pass-through entity; certification as qualified fund; application; form; director; duties; qualification; eligibility for tax credits.
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(1) A pass-through entity may apply to the director for certification as a qualified fund for a calendar year. The application shall be in the form and be made under the procedures specified by the director. (2) Within thirty days after receiving an application for certification …
Neb. Rev. Stat. § 77-6305 Individual, trust, or pass-through entity; certification; application; form; director; duties; qualification; eligibility for tax credits.
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(1) An individual, trust, or pass-through entity may apply to the director for certification as a qualified investor for a calendar year. The application shall be in the form and be made under the procedures specified by the director. The director shall not certify the following …
Neb. Rev. Stat. § 77-6306 Tax credit; amount; director; allocation; limitation; reallocation; when; notice to director; tax credit certificates issued; holding period.
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(1) A qualified investor or qualified fund is eligible for a refundable tax credit equal to forty percent of its qualified investment in a qualified small business. The director shall not allocate more than four million dollars in tax credits to all qualified investors or qualifi…
Neb. Rev. Stat. § 77-6307 Annual report; contents; failure to file; effect; final report; when required.
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(1) Each qualified small business, qualified investor, and qualified fund shall submit an annual report to the director by July 1 of each year. The report shall certify that the business, investor, or fund satisfies the requirements of the Angel Investment Tax Credit Act. (2) A q…
Neb. Rev. Stat. § 77-6308 Tax credit recaptured; when; director; powers and duties.
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(1) If, at any time within six years after the allocation of tax credits is made, the director determines that a qualified investor or qualified fund did not meet the three-year holding period required in section 77-6306, any tax credit allocated and certified to the investor or …
Repealed. Laws 2026, LB1048, § 46.
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[Repealed or reserved.]
Repealed. Laws 1989, First Spec. Sess., LB 7, § 11.
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[Repealed or reserved.]
Repealed. Laws 1989, First Spec. Sess., LB 7, § 11.
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[Repealed or reserved.]
Transferred to section 77-1250.03.
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[Repealed or reserved.]
Transferred to section 77-1250.04.
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[Repealed or reserved.]
Transferred to section 77-1250.05.
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[Repealed or reserved.]
Neb. Rev. Stat. § 77-6310 Rules and regulations.
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The Department of Economic Development and the Department of Revenue may adopt and promulgate rules and regulations to administer and enforce the Angel Investment Tax Credit Act.
Repealed. Laws 1986, LB 817, § 15.
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[Repealed or reserved.]
Repealed. Laws 1989, First Spec. Sess., LB 7, § 11.
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[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]
Neb. Rev. Stat. § 77-6401 Act, how cited.
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Sections 77-6401 to 77-6406 shall be known and may be cited as the Qualified Judgment Payment Act.
Neb. Rev. Stat. § 77-6402 Qualified judgment, defined.
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For purposes of the Qualified Judgment Payment Act, qualified judgment means a judgment that is rendered against a county by a federal court for a violation of federal law.
Neb. Rev. Stat. § 77-6403 Imposition of sales and use tax; procedure; Tax Commissioner; duties.
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(1) Any county that has a qualified judgment in excess of twenty-five million dollars rendered against it may, upon adoption of a resolution by the affirmative vote of at least a two-thirds majority of all elected members of the county board, impose a sales and use tax of one-hal…
Neb. Rev. Stat. § 77-6404 Imposition of sales and use tax; limitation.
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A county shall not impose a sales and use tax pursuant to the Qualified Judgment Payment Act if such county is imposing a tax pursuant to section 13-319.
Neb. Rev. Stat. § 77-6405 Property tax levy; required.
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Any county that imposes a sales and use tax pursuant to the Qualified Judgment Payment Act shall set its property tax levy at the maximum levy authorized in section 77-3442 for each year that the county is imposing such sales and use tax. The county shall use any available revenu…
Neb. Rev. Stat. § 77-6406 Act, termination.
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The Qualified Judgment Payment Act terminates on January 1, 2027.
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
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[Repealed or reserved.]