reglab/housing_qa huggingface dataset:
NE Code § 77-6307 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6307 - Annual report; contents; failure to file; effect; final report; when required.

77-6307.  Annual report; contents; failure to file; effect; final report; when required.(1) Each qualified small business, qualified investor, and qualified fund shall submit an annual report to the director by July 1 of each year. The report shall certify that the business, investor, or fund satisfies the requirements of the Angel Investment Tax Credit Act and shall include all information which will enable the Department of Economic Development to fulfill its reporting requirements under section 77-6309.(2) A qualified small business that ceases all operations and becomes insolvent shall file a final report with the director in the form required by the director documenting its insolvency.(3) To maintain the confidentiality of the qualified investor, the Department of Economic Development shall use a designated number to identify such persons or entities.(4) A qualified small business, qualified investor, or qualified fund that fails to file a complete annual report by July 1 shall, at the discretion of the director, be subject to a fine of two hundred dollars, revocation of its certification, or both.Source  Laws 2011, LB389, § 7;  Laws 2014, LB1067, § 9;  Laws 2015, LB156, § 2;  Laws 2017, LB217, § 30.
NE Code § 77-6308 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6308 - Tax credit recaptured; when; director; powers and duties.

77-6308.  Tax credit recaptured; when; director; powers and duties.(1) If, at any time within six years after the allocation of tax credits is made, the director determines that a qualified investor or qualified fund did not meet the three-year holding period required in section 77-6306, any tax credit allocated and certified to the investor or fund shall be recaptured. The director shall notify the Tax Commissioner of such determination, and the Tax Commissioner shall recapture the tax credits.(2) The director shall, to the extent possible, assure that the allocation of such tax credits provides equitable access to the benefits provided by the Angel Investment Tax Credit Act by all geographic areas of the state.(3) The director may engage in contractual relationships with a statewide public or private nonprofit organization which shall serve as the agent for the Department of Economic Development in order to effect the purposes and fulfill the requirements of the act.Source Laws 2011, LB389, § 8.
NE Code § 77-6309 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6309 - Department of Economic Development; report; contents; confidentiality of certain information.

77-6309.  Department of Economic Development; report; contents; confidentiality of certain information.(1) By November 15 of each odd-numbered year, the Department of Economic Development shall submit a report to the Legislature and the Governor that includes:(a) The number and geographic location of qualified investors;(b) The number, geographic location, and amount of qualified investment made into each qualified small business;(c) The total amount of all grants, loans, incentives, and investments that are not qualified investments received by each qualified small business since receiving the initial qualified investment;(d) A breakdown of the industry sectors in which qualified small businesses are involved;(e) The number of actual tax credits issued by project under the Angel Investment Tax Credit Act on an annual basis; and(f) The number and annual salary or wage of jobs created at each qualified small business since receiving the initial qualified investment.The report submitted to the Legislature shall be submitted electronically.(2) Information received, developed, created, or otherwise maintained by the Department of Economic Development and the Department of Revenue in administering and enforcing the Angel Investment Tax Credit Act, other than information required to be included in the report to be submitted by the Department of Economic Development pursuant to this section, may be deemed confidential by the respective departments and not subject to public disclosure.Source  Laws 2011, LB389, § 9;  Laws 2012, LB782, § 147;  Laws 2014, LB1067, § 10;  Laws 2015, LB156, § 3.
NE Code § 77-6310 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6310 - Rules and regulations.

77-6310.  Rules and regulations.The Department of Economic Development and the Department of Revenue may adopt and promulgate rules and regulations to administer and enforce the Angel Investment Tax Credit Act.Source Laws 2011, LB389, § 10.
NE Code § 77-6401 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6401 - Act, how cited.

77-6401.  Act, how cited.Sections 77-6401 to 77-6406 shall be known and may be cited as the Qualified Judgment Payment Act.Source  Laws 2019, LB472, § 1.   Termination Date: January 1, 2027
NE Code § 77-6402 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6402 - Qualified judgment, defined.

77-6402.  Qualified judgment, defined.For purposes of the Qualified Judgment Payment Act, qualified judgment means a judgment that is rendered against a county by a federal court for a violation of federal law.Source  Laws 2019, LB472, § 2.   Termination Date: January 1, 2027
NE Code § 77-6404 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6404 - Imposition of sales and use tax; limitation.

77-6404.  Imposition of sales and use tax; limitation.A county shall not impose a sales and use tax pursuant to the Qualified Judgment Payment Act if such county is imposing a tax pursuant to section 13-319.Source  Laws 2019, LB472, § 4.   Termination Date: January 1, 2027
NE Code § 77-6405 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6405 - Property tax levy; required.

77-6405.  Property tax levy; required.Any county that imposes a sales and use tax pursuant to the Qualified Judgment Payment Act shall set its property tax levy at the maximum levy authorized in section 77-3442 for each year that the county is imposing such sales and use tax. The county shall use any available revenue from the imposition of such levy to pay the qualified judgment.Source  Laws 2019, LB472, § 5.   Termination Date: January 1, 2027
NE Code § 77-6406 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6406 - Act, termination.

77-6406.  Act, termination.The Qualified Judgment Payment Act terminates on January 1, 2027.Source Laws 2019, LB472, § 6.
NE Code § 77-6501 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6501 - Act, how cited.

77-6501.  Act, how cited.Sections 77-6501 to 77-6523 shall be known and may be cited as the Key Employer and Jobs Retention Act.Source Laws 2020, LB1107, § 44.
NE Code § 77-6502 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6502 - Purpose of act.

77-6502.  Purpose of act.The purpose of the Key Employer and Jobs Retention Act is to provide incentives to encourage key employers to remain in the state and retain well-paid employees in the state when there is a change in ownership and control of the key employer and the new owners are considering moving some or all of the key employer's jobs to other states.Source Laws 2020, LB1107, § 45.
NE Code § 77-6503 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6503 - Definitions, where found.

77-6503.  Definitions, where found.For purposes of the Key Employer and Jobs Retention Act, the definitions found in sections 77-6504 to 77-6515 shall be used.Source Laws 2020, LB1107, § 46.
NE Code § 77-6504 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6504 - Additional definitions.

77-6504.  Additional definitions.Any term defined in the Nebraska Revenue Act of 1967 or in the ImagiNE Nebraska Act has the same meaning in the Key Employer and Jobs Retention Act unless the context or the express language of the Key Employer and Jobs Retention Act requires a different meaning.Source Laws 2020, LB1107, § 47. Cross References   ImagiNE Nebraska Act, see section 77-6801.  Nebraska Revenue Act of 1967, see section 77-2701.
NE Code § 77-6505 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6505 - Base year, defined.

77-6505.  Base year, defined.Base year means the year immediately preceding the year during which the change in ownership and control occurred.Source Laws 2020, LB1107, § 48.
NE Code § 77-6506 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6506 - Base-year employees, defined.

77-6506.  Base-year employees, defined.Base-year employees means the number of equivalent employees employed by the taxpayer during the base year in Nebraska who (1) are paid wages at a rate equal to at least one hundred percent of the Nebraska statewide average hourly wage for the year of application and (2) receive a sufficient package of benefits as specified in the ImagiNE Nebraska Act.Source Laws 2020, LB1107, § 49. Cross References  ImagiNE Nebraska Act, see section 77-6801.
NE Code § 77-6507 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6507 - Change in ownership and control, defined.

77-6507.  Change in ownership and control, defined.Change in ownership and control has the same meaning as described in 34 C.F.R. 600.31, which shall mean the regulation as amended on November 1, 2019, and which took effect on July 1, 2020.Source Laws 2020, LB1107, § 50.
NE Code § 77-6508 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6508 - Equivalent employees, defined.

77-6508.  Equivalent employees, defined.Equivalent employees means the number of employees computed by dividing the total hours paid in a year by the product of forty times the number of weeks in a year. A salaried employee who receives a predetermined amount of compensation each pay period on a weekly or less frequent basis is deemed to have been paid for forty hours per week during the pay period.Source Laws 2020, LB1107, § 51.
NE Code § 77-6509 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6509 - Key employer, defined.

77-6509.  Key employer, defined.Key employer means a taxpayer that:(1) Employs at least one thousand equivalent employees in Nebraska during the base year;(2) Offers all full-time employees, as defined and described in section 4980H of the Internal Revenue Code of 1986, as amended, the opportunity to enroll in minimum essential coverage under an eligible employer-sponsored plan, as those terms are defined and described in section 5000A of the Internal Revenue Code of 1986, as amended;(3) Offers all full-time employees, as defined and described in section 4980H of the Internal Revenue Code of 1986, as amended, a sufficient package of benefits as specified in the ImagiNE Nebraska Act;(4) Enforces a company policy against any discrimination that is prohibited by federal or state law;(5) Electronically verifies the work eligibility status of all new employees employed in Nebraska within ninety days after the date of hire during the entire performance period;(6) Has gone through a change in ownership and control within the twenty-four months immediately prior to the application;(7) Is at risk of moving more than one thousand existing equivalent employees from the state, as determined by the director;(8) Retains at least ninety percent of its equivalent base-year employment; and(9) Is a qualified business.Source Laws 2020, LB1107, § 52. Cross References  ImagiNE Nebraska Act, see section 77-6801.
NE Code § 77-6510 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6510 - Nebraska statewide average hourly wage for any year, defined.

77-6510.  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 Census of Employment and Wages by October 1 of the year prior to application. Hourly wages shall be calculated by dividing the reported average annual weekly wage by forty.Source Laws 2020, LB1107, § 53.
NE Code § 77-6511 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6511 - Performance period, defined.

77-6511.  Performance period, defined.Performance period means the year of application plus the next nine years.Source Laws 2020, LB1107, § 54.
NE Code § 77-6512 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6512 - Qualified business, defined.

77-6512.  Qualified business, defined.Qualified business means any business if the majority of the business activities conducted throughout Nebraska by such business meet the requirements for a qualified location as defined in subsection (1) or (2) of section 77-6818. For purposes of this section, the majority of business activities conducted shall be determined based on the number of equivalent employees working in the respective business activities.Source Laws 2020, LB1107, § 55.
NE Code § 77-6513 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6513 - Taxpayer, defined.

77-6513.  Taxpayer, defined.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 entity that is or would otherwise be a member of the same unitary group, if incorporated, that is subject to such sales and use taxes and such withholding. Taxpayer does not include a political subdivision or an organization that is exempt from income taxes under section 501(a) of the Internal Revenue Code of 1986, as amended. For purposes of this section, political subdivision includes any public corporation created for the benefit of a political subdivision and any group of political subdivisions forming a joint public agency, organized by interlocal agreement, or utilizing any other method of joint action.Source Laws 2020, LB1107, § 56. Cross References  Nebraska Revenue Act of 1967, see section 77-2701.
NE Code § 77-6514 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6514 - Wage retention credit, defined.

77-6514.  Wage retention credit, defined.Wage retention credit means the credit described in the Key Employer and Jobs Retention Act.Source Laws 2020, LB1107, § 57.
NE Code § 77-6515 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6515 - Year, defined.

77-6515.  Year, defined.Year means calendar year.Source Laws 2020, LB1107, § 58.
NE Code § 77-6518 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6518 - Wage retention credit; recapture or disallowance; interest; penalties.

77-6518.  Wage retention credit; recapture or disallowance; interest; penalties.(1) If the taxpayer fails to retain the required level of employment through the entire performance period, all or a portion of the wage retention credits shall be recaptured directly by the state from the taxpayer or shall be disallowed. In no event shall any wage retention credits be required to be paid back directly or indirectly by the employees. All such credits must be repaid by the taxpayer.(2) The recapture or disallowance shall be as follows:(a) No wage retention credits shall be allowed, and if already allowed shall be recaptured, for the actual year or years in which the required level of employment was not maintained;(b) For wage retention credits allowed in prior years, one-tenth of the credits shall be recaptured from the taxpayer for each year the required level of employment was not maintained; and(c) For wage retention credits for future years, one-tenth of the credits shall be disallowed for each year the required level of employment was not maintained in previous years.(3) Any amounts required to be recaptured shall be deemed to be an underpayment of tax, immediately due and payable, and shall constitute a lien on the assets of the taxpayer. When wage retention credits were received in more than one year, the credits received in the most recent year shall be recovered first and then the credits received in earlier years shall be recovered up to the extent of the required recapture.(4) Interest shall accrue from the due date for the return for the year in which the taxpayer failed to maintain the required level of employment.(5) Penalties shall not accrue until ninety days after the requirement for recapture or disallowance becomes known or should have become known to the taxpayer.(6) The recapture or disallowance required by this section may be waived by the Tax Commissioner if he or she finds the failure to maintain the required level of employment was caused by unavoidable circumstances such as an act of God or a national emergency.Source Laws 2020, LB1107, § 61.
NE Code § 77-6520 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6520 - Rules and regulations.

77-6520.  Rules and regulations.The Department of Economic Development and the Department of Revenue, in consultation with the Governor, may adopt and promulgate rules and regulations necessary or appropriate to carry out the purposes of the Key Employer and Jobs Retention Act.Source Laws 2020, LB1107, § 63.
NE Code § 77-6521 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6521 - Reports; joint hearing.

77-6521.  Reports; joint hearing.(1) The Department of Economic Development and the Department of Revenue shall jointly submit electronically an annual report to the Legislature no later than October 31 of each year. The report shall be on a fiscal year, accrual basis that satisfies the requirements set by the Governmental Accounting Standards Board. The Department of Economic Development and the Department of Revenue shall together, on or before December 15 of each year, appear at a joint hearing of the Appropriations Committee of the Legislature and the Revenue Committee of the Legislature and present the report. Any supplemental information requested by three or more committee members must be provided within thirty days after the request.(2) The report shall list (a) the agreements which have been signed during the previous calendar year, (b) the agreements which are still in effect, and (c) the identity of each taxpayer that is a party to an agreement.(3) The report shall provide information on agreement-specific total credits used every two years for each agreement. The report shall disclose the identity of the taxpayer and the total credits used during the immediately preceding two years, expressed as a single, aggregated total. The information required to be reported under this subsection shall not be reported for the first year the taxpayer maintains the required employment threshold. The information on first-year credits used shall be combined with and reported as part of the second year. Thereafter, the information on credits used for succeeding years shall be reported for each agreement every two years containing information on two years of credits used.(4) No information shall be provided in the report that is protected by state or federal confidentiality laws.Source Laws 2020, LB1107, § 64.
NE Code § 77-6522 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6522 - Application; valid; when; director; Tax Commissioner; powers and duties.

77-6522.  Application; valid; when; director; Tax Commissioner; powers and duties.(1) Any complete application shall be considered a valid application on the date submitted for the purposes of the Key Employer and Jobs Retention Act.(2) The director shall be allowed access, by the Tax Commissioner, to information associated with the Nebraska Advantage Act, the Nebraska Advantage Rural Development Act, the ImagiNE Nebraska Act, and the Employment and Investment Growth Act to meet the director's obligations under the Key Employer and Jobs Retention Act.(3) The director may contract with the Tax Commissioner for services that the director determines are necessary to fulfill the director's responsibilities under the Key Employer and Jobs Retention Act, other than services which constitute the actual actions and decisions required to be taken or made by the director under the Key Employer and Jobs Retention Act.Source Laws 2020, LB1107, § 65. Cross References   Employment and Investment Growth Act, see section 77-4101.  ImagiNE Nebraska Act, see section 77-6801.  Nebraska Advantage Act, see section 77-5701.  Nebraska Advantage Rural Development Act, see section 77-27,187.
NE Code § 77-6523 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6523 - Applications; deadline.

77-6523.  Applications; deadline.There shall be no new applications under the Key Employer and Jobs Retention Act filed after May 31, 2021, without further authorization of the Legislature. All applications and all agreements pending, approved, or entered into on or before May 31, 2021, shall continue in full force and effect.Source Laws 2020, LB1107, § 66.
NE Code § 77-6601 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6601 - Act, how cited.

77-6601.  Act, how cited.Sections 77-6601 to 77-6611 shall be known and may be cited as the Renewable Chemical Production Tax Credit Act.Source Laws 2020, LB1107, § 67.
NE Code § 77-6602 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6602 - Legislative findings.

77-6602.  Legislative findings.The Legislature finds and declares that Nebraska is home to an emerging biotechnology and bioproducts sector that yields important innovations and collaborative opportunities with the existing agricultural sector. The Legislature further finds that advances in biotechnology and bioproducts will play a critical role in addressing global challenges, reducing our environmental footprint, and creating sustainable materials including renewable chemicals made from Nebraska-based agricultural products.Source Laws 2020, LB1107, § 68.