77-7005. Tax credit; how claimed; excess; how treated.
(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 refund, the taxpayer may elect to have the excess carried forward to subsequent taxable years. A taxpayer may carry forward the excess tax credits until fully utilized.
Source
- Laws 2022, LB1261, § 5.
- Operative Date: July 21, 2022