Chapter 77 — REVENUE AND TAXATION
2,526 sections in this chapter.
Neb. Rev. Stat. § 77-7005 Tax credit; how claimed; excess; how treated.
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(1) A taxpayer shall claim the tax credit by attaching the tax credit certification received from the department under section 77-7004 to the taxpayer's tax return. (2) Any credit in excess of the taxpayer's tax liability shall be refunded to the taxpayer. In lieu of claiming a r…
Neb. Rev. Stat. § 77-7006 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. § 77-7007 Limitation on new applications.
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There shall be no new applications filed under the Nebraska Higher Blend Tax Credit Act after December 31, 2028. All applications and all tax credits pending or approved before such date shall continue in full force and effect.
Neb. Rev. Stat. § 77-7008 Rules and regulations.
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The department may adopt and promulgate rules and regulations to carry out the Nebraska Higher Blend Tax Credit Act.
Neb. Rev. Stat. § 77-7009 Nebraska Biodiesel Tax Credit Act, how cited.
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Sections 77-7009 to 77-7016 shall be known and may be cited as the Nebraska Biodiesel Tax Credit Act.
Neb. Rev. Stat. § 77-701 Property assessment division; established; Property Tax Administrator; powers and duties; appeal rights.
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(1) A division of state government to be known as the property assessment division of the Department of Revenue is established. The Property Tax Administrator shall be the chief administrative officer of the division but shall be under the general supervision of the Tax Commissio…
Neb. Rev. Stat. § 77-7010 Terms, defined.
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For purposes of the Nebraska Biodiesel Tax Credit Act: (1) Biodiesel means mono-alkyl esters of long chain fatty acids derived from vegetable oils or animal fats which conform to American Society for Testing and Materials D6751 specifications for use in diesel engines. Biodiesel …
Neb. Rev. Stat. § 77-7011 Tax credit; eligibility; amount; use; application.
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(1) Any taxpayer who is a retail dealer and who sold and dispensed biodiesel on a retail basis during the prior calendar year through a motor fuel pump located at the taxpayer's retail motor fuel site shall be eligible to receive tax credits under the Nebraska Biodiesel Tax Credi…
Neb. Rev. Stat. § 77-7012 Tax credit; application; approval; limitation.
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(1) If the department determines that an application is complete and that the taxpayer qualifies for tax credits, the department shall approve the application within the limits set forth in this section and shall certify the amount of tax credits approved to the taxpayer. (2) The…
Neb. Rev. Stat. § 77-7013 Tax credit; how claimed; excess; how treated.
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(1) A taxpayer shall claim the tax credit by attaching the tax credit certification received from the department under section 77-7012 to the taxpayer's tax return. (2) Any credit in excess of the taxpayer's tax liability shall be refunded to the taxpayer. In lieu of claiming a r…
Neb. Rev. Stat. § 77-7014 Tax credit; distribution.
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Any tax credit allowable to a partnership, a limited liability company, a subchapter S corporation, a cooperative corporation, or an estate or trust may be distributed to the partners, limited liability company members, shareholders, cooperative members, or beneficiaries in the s…
Neb. Rev. Stat. § 77-7015 Limitation on new applications.
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There shall be no new applications filed under the Nebraska Biodiesel Tax Credit Act after December 31, 2029. All applications and all tax credits pending or approved before such date shall continue in full force and effect.
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.
Repealed. Laws 2007, LB 334, § 108.
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[Repealed or reserved.]
Repealed. Laws 2007, LB 334, § 108.
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[Repealed or reserved.]
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…
Repealed. Laws 2007, LB 334, § 108.
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[Repealed or reserved.]
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…
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
Repealed. Laws 2024, LB1402, § 7.
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[Repealed or reserved.]
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…