77-102. Property, defined. The word property includes every kind of property, tangible or intangible, subject to ownership. Source Laws 1903, c. 73, § 3, p. 389; R.S.1913, § 6291; Laws 1921, c. 133, art. I, § 1, p. 545; C.S.1922, § 5808; C.S.1929, § 77-101; R.S.1943, § 77-102. Annotations Leasehold interest in buildings on federal […]
77-1020. Recreation facility, defined. Recreation facility means any real estate project with a primary purpose of promoting and hosting sports or recreation activities, including sports facilities, golf courses, beaches, parks, water parks, amusement parks, and related support amenities. Source Laws 2010, LB1018, § 20.
77-1021. Redevelopment project, defined. Redevelopment project means a project proposed on a parcel or parcels previously developed with real property improvements. Current usage cannot include agriculture or livestock. The redevelopment project must be within the municipal limits of a municipality. The existing improvements must be more than ten years old or have been demolished prior […]
77-1022. Related persons, defined. Related persons means any corporations, partnerships, limited liability companies, or joint ventures which are or would otherwise be members of the same unitary group, if incorporated, or any persons who are considered to be related persons under either section 267(b) and (c) or section 707(b) of the Internal Revenue Code of […]
77-1023. Structured parking, defined. Structured parking means a real estate development used primarily as a covered parking facility for automobiles or related personal vehicles. The parking facility must have a minimum of two levels of parking above or below ground. Source Laws 2010, LB1018, § 23.
77-1024. Taxpayer, defined. (1) Taxpayer means any person subject to sales and use taxes under the Nebraska Revenue Act of 1967 and subject to withholding under section 77-2753 and any corporation, partnership, limited liability company, cooperative, including a cooperative exempt under section 521 of the Internal Revenue Code of 1986, as amended, limited cooperative association, […]
77-1025. Tourism attraction, defined. Tourism attraction means a place of interest where tourists visit, typically for the inherent or exhibited cultural value, historical significance, natural or built beauty, or amusement opportunities, such as historical places, monuments, zoos, aquaria, museums, art galleries, botanical gardens, skyscrapers, parks, forests, natural recreation areas, theme parks, ethnic enclaves, historic transportation, […]
77-1026. Year, defined. Year means the taxable year of the taxpayer. Source Laws 2010, LB1018, § 26.
77-1027. Year of application, defined. Year of application means the year that a completed application is filed under the Nebraska Advantage Transformational Tourism and Redevelopment Act. Source Laws 2010, LB1018, § 27.
77-1028. Election required; procedures applicable. The powers granted by the Nebraska Advantage Transformational Tourism and Redevelopment Act shall not be exercised unless and until the question of directing the proceeds of the local option sales tax as authorized under the act has been submitted at a primary, general, or special election held within the municipality […]
77-1029. Verification of work eligibility status. A municipality shall not approve or grant to any person any incentive under the Nebraska Advantage Transformational Tourism and Redevelopment Act unless the taxpayer provides evidence satisfactory to the municipality that the taxpayer electronically verified the work eligibility status of all newly hired employees employed in Nebraska. Source Laws […]
77-103. Real property, defined. Real property shall mean: (1) All land; (2) All buildings, improvements, and fixtures, except trade fixtures; (3) All electric generation, transmission, distribution, and street lighting structures or facilities owned by a political subdivision of the state; (4) Mobile homes, cabin trailers, and similar property, not registered for highway use, which are […]
77-103.01. Class or subclass of real property, defined. Class or subclass of real property means a group of properties that share one or more characteristics typically common to all the properties in the class or subclass, but are not typically found in the properties outside the class or subclass. Class or subclass includes, but is […]
77-1030. Application; form; contents; confidentiality; fee; municipality; duties; certification; written agreement; contents; modification. (1) In order to utilize the incentives set forth in the Nebraska Advantage Transformational Tourism and Redevelopment Act, the taxpayer shall file an application, on a form developed by an association of municipalities organized statewide, requesting an agreement. (2) The application shall […]
77-1031. Incentives; tiers; project requirements; refund of taxes. (1) Applicants may qualify for incentives under the Nebraska Advantage Transformational Tourism and Redevelopment Act as follows: (a)(i) Tourism development project, investment in qualified property as required by this subdivision and a net employment increase to the state. Net employment from the project shall be determined at […]
77-1032. Department of Revenue; duties; review of projects; recapture of incentives; Nebraska Advantage Transformational Tourism and Redevelopment Act Cash Fund; created; use; investment. (1) The Department of Revenue shall contract with an independent consultant to review each project under the Nebraska Advantage Transformational Tourism and Redevelopment Act every fifth year following July 15, 2010. The […]
77-1033. Transfer of incentives; when; liability for recapture. (1) The incentives allowed under the Nebraska Advantage Transformational Tourism and Redevelopment Act may be transferred when a project covered by an agreement is transferred in its entirety by sale or lease to another taxpayer or in an acquisition of assets qualifying under section 381 of the […]
77-1034. Refunds; interest not allowable. Interest shall not be allowable on any refunds paid because of incentives earned under the Nebraska Advantage Transformational Tourism and Redevelopment Act. Source Laws 2010, LB1018, § 34.
77-1035. Act; restrictions on use. The Nebraska Advantage Transformational Tourism and Redevelopment Act may not be used for the construction or financing of a stadium or for support facilities for a stadium. Source Laws 2010, LB1018, § 35.
77-104. Personal property, defined. The term personal property includes all property other than real property and franchises. Source Laws 1903, c. 73, § 2, p. 389; R.S.1913, § 6290; Laws 1921, c. 133, art. I, § 3, p. 545; C.S.1922, § 5810; C.S.1929, § 77-103; R.S.1943, § 77-104. Annotations Right to participate in proceeds of […]
