Chapter 77 — REVENUE AND TAXATION
2,526 sections in this chapter.
Neb. Rev. Stat. § 77-6541 Wage credit; transferable; when; effect.
2.4K chars
(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.
0.2K chars
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.
1.7K 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 Departm…
Neb. Rev. Stat. § 77-6544 Grow the Good Life Act, how cited.
0.1K chars
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.
0.4K chars
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.
5.4K chars
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.
0.2K chars
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.
2.9K chars
(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.
2.9K chars
(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…
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Neb. Rev. Stat. § 77-6550 Wage retention credit; recapture or disallowance; interest; penalties.
2.8K chars
(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.
3.3K chars
(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.
0.2K chars
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.
1.8K chars
(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.
0.8K chars
(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.
0.2K chars
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.
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Neb. Rev. Stat. § 77-6601 Act, how cited.
0.1K chars
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.
0.5K chars
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.
2.2K chars
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.
2.3K chars
(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.
1.1K chars
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.
1.7K chars
(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.
1.5K chars
(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.
0.4K chars
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.
0.4K chars
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…
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Neb. Rev. Stat. § 77-6610 Reports.
2.5K chars
(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.
0.2K chars
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.
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Neb. Rev. Stat. § 77-6701 Act, how cited.
0.1K chars
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.
1.2K chars
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.
3.3K chars
(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.
0.2K chars
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.
0.1K chars
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.
2.1K chars
(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 …
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]
Repealed. Laws 1985, LB 268, § 31.
0.0K chars
[Repealed or reserved.]