77-1001 – Act, how cited.

77-1001. Act, how cited. Sections 77-1001 to 77-1035 shall be known and may be cited as the Nebraska Advantage Transformational Tourism and Redevelopment Act. Source Laws 2010, LB1018, § 1.

77-1002 – Legislative findings and declarations.

77-1002. Legislative findings and declarations. The Legislature hereby finds and declares that it is the policy of this state to utilize Nebraska’s tax structure in order to encourage new businesses to relocate to Nebraska as a component of a program to develop new tourism attractions as well as to redevelop areas of municipalities which are […]

77-1003 – Definitions, where found.

77-1003. Definitions, where found. For purposes of the Nebraska Advantage Transformational Tourism and Redevelopment Act, the definitions found in sections 77-1004 to 77-1027 shall be used. Source Laws 2010, LB1018, § 3.

77-1004 – Tax terms, meaning.

77-1004. Tax terms, meaning. Any term shall have the same meaning as used in Chapter 77, article 27. Source Laws 2010, LB1018, § 4.

77-1005 – Approved cost, defined.

77-1005. Approved cost, defined. Approved cost means: (1) Obligations incurred for labor and to vendors, contractors, subcontractors, builders, suppliers, delivery persons, and material suppliers in connection with the acquisition, construction, equipping, and installation of a project; (2) The cost of acquiring real property or rights in real property and any cost incidental thereto; (3) The […]

77-1006 – Approved project, defined.

77-1006. Approved project, defined. Approved project means any project that is certified by a municipality under the Nebraska Advantage Transformational Tourism and Redevelopment Act. Source Laws 2010, LB1018, § 6.

77-1007 – Cultural development, defined.

77-1007. Cultural development, defined. Cultural development means a real estate development with a primary purpose of promoting cultural education or development, such as a museum or related visual arts centers, performing arts facility, or facilities housing, incubating, developing, or promoting art, music, theater, dance, zoology, botany, natural history, cultural history, or the sciences. Source Laws […]

77-1008 – Destination dining, defined.

77-1008. Destination dining, defined. Destination dining means a real estate development primarily selling and serving prepared food and beverage to the public in a setting with sit-down dining. In addition, the development must offer a unique food or experience concept not found in this state within (1) the same metropolitan statistical area as determined by […]

77-1009 – Entertainment destination center, defined.

77-1009. Entertainment destination center, defined. Entertainment destination center means a facility containing a minimum of two hundred thousand square feet of gross leasable area adjacent or complementary to an existing tourism attraction, an approved tourism development project, or a convention facility, and which provides a variety of entertainment and leisure options that contain at least […]

77-101 – Definitions, where found.

77-101. Definitions, where found. For purposes of Chapter 77 and any statutes dealing with taxation, unless the context otherwise requires, the definitions found in sections 77-102 to 77-132 shall be used. Source Report of 1943 Statute Commission, § 77-101; Laws 1943, c. 115, § 1, p. 401; R.S.1943, § 77-101; Laws 1987, LB 508, § […]

77-1010 – Entitlement period, defined.

77-1010. Entitlement period, defined. Entitlement period means the year during which the required increases in employment and investment were met or exceeded and each year thereafter until the end of the ninth year following the year of application. Source Laws 2010, LB1018, § 10.

77-1011 – Full-service restaurant, defined.

77-1011. Full-service restaurant, defined. Full-service restaurant means any public place (1) which is kept, used, maintained, advertised, and held out to the public as a place where meals are served and where meals are actually and regularly served, (2) which has no sleeping accommodations, (3) which has adequate and sanitary kitchen and dining room equipment […]

77-1012 – Historical redevelopment, defined.

77-1012. Historical redevelopment, defined. Historical redevelopment means a real estate development project that redevelops a historic building, as listed on either the National Register of Historic Places or the Nebraska Historic Buildings Survey. The reuse of the historic building can be any approved use, including retail for an entertainment destination center or a mixed-use project. […]

77-1013 – Investment, defined.

77-1013. Investment, defined. Investment means the value of qualified property incorporated into or used at the project. For qualified property owned by the taxpayer, the value shall be the original cost of the property. Investment does not include real property for a tourism development project. Source Laws 2010, LB1018, § 13.

77-1014 – Lodging, defined.

77-1014. Lodging, defined. (1) Lodging means any lodging facility with the following attributes: (a) The facility constitutes a portion of an approved project and represents less than fifty percent of the total approved cost of the tourism attraction project, or the facility is to be located on recreational property owned or leased by the state […]

77-1015 – Mixed-use project, defined.

77-1015. Mixed-use project, defined. Mixed-use project means a facility containing a minimum of fifty thousand square feet. The project must include at least two vertical stories of usable or leasable space and contain a minimum of two uses, such as restaurant, office, retail, or residential, not including parking. Retail stores shall occupy no more than […]

77-1016 – Nebraska crafts and products center, defined.

77-1016. Nebraska crafts and products center, defined. Nebraska crafts and products center means a real estate retail development primarily selling products created, grown, or assembled in Nebraska. Nebraska crafts and products must constitute a minimum of fifty percent of the total sales volume of the development. Source Laws 2010, LB1018, § 16.

77-1017 – Project, defined.

77-1017. Project, defined. Project means the acquisition, including the acquisition of real estate by a leasehold interest with a minimum term of ten years, construction, and equipping of a tourism attraction or redevelopment project; the construction and installation of improvements to facilities necessary or desirable for the acquisition, construction, and installation of a tourism attraction […]

77-1018 – Qualified business, defined.

77-1018. Qualified business, defined. (1) For a tourism development project, qualified business means any business engaged in: (a) Cultural development; (b) Historical redevelopment; (c) Recreation facilities; (d) Entertainment destination centers; (e) Lodging; (f) Destination dining; (g) Tourism attraction; (h) Nebraska crafts and products center; or (i) Any combination of the activities listed in this subsection. […]

77-1019 – Qualified property, defined.

77-1019. Qualified property, defined. (1) Qualified property means any tangible property of a type subject to depreciation, amortization, or other recovery under the Internal Revenue Code of 1986, as amended, or the components of such property, that will be located and used at the project. (2) Qualified property does not include (a) aircraft, barges, motor […]