77-6921 – Existing business acquisition, disposal, reorganization, or relocation; computation; certain transactions excluded.
77-6921. Existing business acquisition, disposal, reorganization, or relocation; computation; certain transactions excluded. (1)(a) If the taxpayer acquires an existing business, the increases in investment and employment shall be computed as though the taxpayer had owned the business for the entire taxable year preceding the date of application. (b) If the taxpayer disposes of an existing […]
77-6922 – Tax credits; use.
77-6922. Tax credits; use. (1) The credits allowed under section 77-6920 may be used: (a) To obtain a refund of sales and use taxes paid under the Local Option Revenue Act, the Nebraska Revenue Act of 1967, the Qualified Judgment Payment Act, and sections 13-319, 13-324, and 13-2813; (b) As a refundable income tax credit […]
77-6907 – Equivalent employees, defined.
77-6907. Equivalent employees, defined. Equivalent employees means the number of employees computed by dividing the total hours paid in a year to employees by the product of forty times the number of weeks in a year. Only the hours paid to employees who are residents of this state shall be included in such computation. A […]
77-6908 – Investment, defined.
77-6908. Investment, defined. Investment means the value of qualified property incorporated into or used at the qualified location. For qualified property owned by the taxpayer, the value shall be the original cost of the property. For qualified property rented by the taxpayer, the average net annual rent shall be multiplied by the number of years […]
77-6909 – Nebraska statewide average hourly wage for any year, defined.
77-6909. Nebraska statewide average hourly wage for any year, defined. Nebraska statewide average hourly wage for any year means the most recent statewide average hourly wage paid by all employers in all counties in Nebraska as calculated by the Office of Labor Market Information of the Department of Labor using annual data from the Quarterly […]
77-6910 – Number of new employees, defined.
77-6910. Number of new employees, defined. Number of new employees means the number of equivalent employees that are employed at the qualified location during a year that are in excess of the number of base-year employees. Source Laws 2021, LB544, § 10.
77-6838 – Rules and regulations.
77-6838. Rules and regulations. Except as otherwise stated in the ImagiNE Nebraska Act, the director, with input from the Tax Commissioner, may adopt and promulgate all procedures and rules and regulations necessary to carry out the purposes of the ImagiNE Nebraska Act. Source Laws 2020, LB1107, § 38.
77-6911 – Performance period, defined.
77-6911. Performance period, defined. Performance 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 third year after the year the required increases were met or exceeded. Source Laws 2021, LB544, § 11.
77-6839 – Tax incentives; estimates required; when; exceed base authority; limit on applications.
77-6839. Tax incentives; estimates required; when; exceed base authority; limit on applications. (1) The Department of Economic Development and the Department of Revenue shall jointly, on or before the fifteenth day of October and February of every year and the fifteenth day of April in odd-numbered years, make an estimate of the amount of sales […]
77-6912 – Qualified location, defined.
77-6912. Qualified location, defined. Qualified location means any location in a city of the metropolitan class or a city of the primary class that is used or will be used by the taxpayer to conduct business activities and that is located within an economic redevelopment area. More than one qualified location may be part of […]