reglab/housing_qa huggingface dataset:
NE Code § 77-5908 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-5908 - Employees; verification of status required; exclusion.

77-5908.  Employees; verification of status required; exclusion.(1) The Tax Commissioner shall not approve or grant to any person any tax incentive under the Nebraska Advantage Microenterprise Tax Credit Act unless the taxpayer provides evidence satisfactory to the Tax Commissioner that the taxpayer electronically verified the work eligibility status of all newly hired employees employed in Nebraska.(2) For purposes of calculating any tax incentive available under the act, the Tax Commissioner shall exclude the hours worked and compensation paid to an employee that is not eligible to work in Nebraska as verified under subsection (1) of this section.(3) This section does not apply to any application filed under the act prior to October 1, 2009.Source Laws 2009, LB403, § 15.
NE Code § 77-6101 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6101 - Act, how cited.

77-6101.  Act, how cited.Sections 77-6101 to 77-6106 shall be known and may be cited as the Long-Term Care Savings Plan Act.Source  Laws 2006, LB 965, § 1;  Laws 2016, LB756, § 2.   Termination Date: January 1, 2018
NE Code § 77-6102 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6102 - Terms, defined.

77-6102.  Terms, defined.For purposes of the Long-Term Care Savings Plan Act:(1) Long-term care expense means the cost of long-term care in a long-term care facility and the cost of care provided in a person's home when the person receiving the care is unable to perform multiple basic life functions independently;(2) Long-term care insurance premiums means premiums paid for a long-term care insurance policy issued pursuant to the Long-Term Care Insurance Act that offers coverage to the individual, the individual's spouse, or another person for whom the taxpayer has an insurable interest;(3) Participant means an individual who has entered into a participation agreement or established an account with a financial institution with which the State Treasurer has an agreement under subsection (1) of section 77-6103; and(4) Qualified individual means (a) a person who incurred long-term care expenses during the taxable year or (b) a person who turned fifty years of age or older during the taxable year who made payments for long-term care insurance premiums during the taxable year.Source  Laws 2006, LB 965, § 2;  Laws 2007, LB304, § 1.  Termination Date: January 1, 2018
NE Code § 77-6103 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6103 - Nebraska long-term care savings plan; created; State Treasurer; powers and duties; participation agreement.

77-6103.  Nebraska long-term care savings plan; created; State Treasurer; powers and duties; participation agreement.(1) The Nebraska long-term care savings plan is created. The State Treasurer shall select the administrator of the plan. If the State Treasurer receives no acceptable responses to a request for proposals for an administrator for the plan by November 1, 2006, the State Treasurer may enter into agreements with state-chartered or federally chartered banks, savings banks, building and loan associations, savings and loan associations, or credit unions, or a subsidiary of any such entity, to receive contributions in the form of account deposits. The State Treasurer may adopt and promulgate rules and regulations to carry out its duties under this subsection.(2) If an administrator is selected, participants shall enter into participation agreements with the State Treasurer, and if an administrator is not selected, participants may make contributions to an account with a financial institution with which the State Treasurer has an agreement under subsection (1) of this section. A lifetime maximum of one hundred sixty-five thousand dollars may be contributed by a participant. This dollar limitation shall be adjusted for inflation by the method provided in section 151 of the Internal Revenue Code of 1986, as amended.(3) Each participation agreement shall provide that the agreement may be canceled or transferred to a spouse upon the terms and conditions set by the State Treasurer. If the participation agreement is canceled or the Nebraska long-term care savings plan is terminated, a participant may receive the principal amount of all contributions made by the participant or on behalf of the participant plus the actual investment earnings on the contributions, less any losses incurred on the contributions. A participant shall not receive more than the fair market value of his or her account under the participation agreement on the applicable liquidation date.(4) A participant retains ownership of all contributions up to the date of utilization.(5) State income tax treatment of contributions and investment earnings shall be as provided in section 77-2716.Source  Laws 2006, LB 965, § 3.  Termination Date: January 1, 2018
NE Code § 77-6104 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6104 - Nebraska long-term care savings plan trust; created; State Treasurer; state investment officer; duties.

77-6104.  Nebraska long-term care savings plan trust; created; State Treasurer; state investment officer; duties.If an administrator for the Nebraska long-term care savings plan is selected pursuant to section 77-6103, the Nebraska long-term care savings plan trust shall be created. The State Treasurer shall be the trustee of the trust and as such responsible for the administration, operation, and maintenance of the plan and shall have all powers necessary to carry out and effectuate the purposes, objectives, and provisions of the Long-Term Care Savings Plan Act pertaining to the administration, operation, and maintenance of the trust, except that the state investment officer shall have fiduciary responsibility to make all decisions regarding the investment of the money in the trust, including the selection of all investment options and the approval of all fees and other costs charged to trust assets except costs for administration, operation, and maintenance of the trust, pursuant to the directions, guidelines, and policies established by the Nebraska Investment Council. The State Treasurer may adopt and promulgate rules and regulations to provide for the efficient administration, operation, and maintenance of the trust. The State Treasurer shall not adopt and promulgate rules and regulations that in any way interfere with the fiduciary responsibility of the state investment officer to make all decisions regarding the investment of money in the trust. The Nebraska Investment Council may adopt and promulgate rules and regulations to provide for the prudent investment of the assets of the trust. The council or its designee also has the authority to select and enter into agreements with individuals and entities to provide investment advice and management of the assets held by the trust, establish investment guidelines, objectives, and performance standards with respect to the assets held by the trust, and approve any fees, commissions, and expenses which directly or indirectly affect the return on assets.Source  Laws 2006, LB 965, § 4.  Termination Date: January 1, 2018
NE Code § 77-6105 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6105 - Qualified individual; withdrawals authorized.

77-6105.  Qualified individual; withdrawals authorized.A qualified individual as defined in subdivision (4)(a) of section 77-6102 may make withdrawals as a participant in the Nebraska long-term care savings plan to pay or reimburse long-term care expenses. A qualified individual as defined in subdivision (4)(b) of section 77-6102 may make withdrawals to pay or reimburse long-term care insurance premiums. Any participant who is not a qualified individual or who makes a withdrawal for any reason other than transfer of funds to a spouse, long-term care expenses, long-term care insurance premiums, death of the participant, or termination of the Long-Term Care Savings Plan Act shall be subject to a ten-percent penalty on the amount withdrawn. The State Treasurer shall collect the penalty.Source  Laws 2006, LB 965, § 5;  Laws 2007, LB304, § 2;  Laws 2016, LB756, § 3.   Termination Date: January 1, 2018
NE Code § 77-6106 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6106 - Long-Term Care Savings Plan Act; termination; participant; entitled to account balance.

77-6106.  Long-Term Care Savings Plan Act; termination; participant; entitled to account balance.The Long-Term Care Savings Plan Act terminates on January 1, 2018. Any participant in the Nebraska long-term care savings plan on the termination date shall be entitled to receive the full balance of his or her account on such date.Source  Laws 2016, LB756, § 4.   Termination Date: January 1, 2018
NE Code § 77-6201 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6201 - Legislative findings and declarations.

77-6201.  Legislative findings and declarations.The Legislature finds and declares:(1) The purpose of the nameplate capacity tax levied under section 77-6203 is to replace property taxes currently imposed on renewable energy infrastructure and depreciated over a short period of time in a way that causes local budgeting challenges and increases upfront costs for renewable energy developers;(2) The nameplate capacity tax should be competitive with taxes imposed directly and indirectly on renewable energy generation and development in other states;(3) The nameplate capacity tax should be fair and nondiscriminatory when compared with other taxes imposed on other industries in the state; and(4) The nameplate capacity tax should not be singled out as a source of General Fund revenue during times of economic hardship.Source  Laws 2010, LB1048, § 12;  Laws 2015, LB424, § 4.
NE Code § 77-6202 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6202 - Terms, defined.

77-6202.  Terms, defined.For purposes of sections 77-6201 to 77-6204:(1) Commissioned means the renewable energy generation facility has been in commercial operation for at least twenty-four hours. A renewable energy generation facility is not in commercial operation unless the renewable energy generation facility is connected to the electrical grid or to the end user if the renewable energy generation facility is a customer-generator as defined in section 70-2002;(2) Nameplate capacity means the capacity of a renewable energy generation facility to generate electricity as measured in megawatts, including fractions of a megawatt. Nameplate capacity shall be determined based on the facility's alternating current capacity; and(3) Renewable energy generation facility means (a) a facility that generates electricity using wind as the fuel source or (b) a facility that generates electricity using solar, biomass, or landfill gas as the fuel source if such facility was installed on or after January 1, 2016, and has a nameplate capacity of one hundred kilowatts or more.Source  Laws 2010, LB1048, § 13;  Laws 2015, LB424, § 5;  Laws 2020, LB76, § 1.
NE Code § 77-6204 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6204 - County treasurer; distribute revenue; calculation.

77-6204.  County treasurer; distribute revenue; calculation.(1) The county treasurer shall distribute all revenue received from the Department of Revenue pursuant to section 77-6203 to local taxing entities which, but for such personal property tax exemption, would have received distribution of personal property tax revenue from depreciable personal property used directly in the generation of electricity using wind, solar, biomass, or landfill gas as the fuel source.(2) A local taxing entity's status as eligible for distribution under subsection (1) of this section shall not be affected when and if the net book value of personal property used directly in the generation of electricity using wind, solar, biomass, or landfill gas as the fuel source becomes zero. A local taxing entity's status as eligible for distribution under such subsection shall be affected by the disposal of all of the exempt depreciable personal property used directly in the generation of electricity using wind, solar, biomass, or landfill gas as the fuel source.(3) The distribution to each eligible local taxing entity shall be calculated by determining the amount of taxes that the eligible local taxing entity levied during the taxable year and dividing this amount by the total tax levied by all of the eligible local taxing entities during the year. Each eligible entity's resulting fraction shall then be multiplied by the revenue distributed to the county treasurer by the department to determine the portion of such revenue due each local taxing entity.(4) The Department of Revenue shall not retain any revenue collected pursuant to sections 77-6201 to 77-6204 for distribution, use, transfer, pledge, or allocation to or from the General Fund.Source  Laws 2010, LB1048, § 15;  Laws 2015, LB424, § 7.
NE Code § 77-6301 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6301 - Act, how cited.

77-6301.  Act, how cited.Sections 77-6301 to 77-6310 shall be known and may be cited as the Angel Investment Tax Credit Act.Source  Laws 2011, LB389, § 1;  Laws 2014, LB836, § 6.
NE Code § 77-6301.01 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6301.01 - Legislative findings.

77-6301.01.  Legislative findings.The Legislature hereby finds and declares that it is the policy of this state to make revisions in Nebraska's tax structure in order to encourage entrepreneurship and to increase investment in high technology industries in underserved areas of Nebraska.Source Laws 2014, LB836, § 7.
NE Code § 77-6302 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6302 - Terms, defined.

77-6302.  Terms, defined.For purposes of the Angel Investment Tax Credit Act:(1) Director means the Director of Economic Development;(2) Family member means a family member within the meaning of section 267(c)(4) of the Internal Revenue Code of 1986, as amended;(3) Investment date means the latest of the following:(a) The date of a fully executed investor subscription agreement or underlying transaction document pertaining to the applicable qualified investment;(b) The date on a check made out to a qualified small business for the applicable qualified investment or the date a wire transfer is completed for the applicable qualified investment; or(c) The date the qualified small business deposits a check made out to such qualified small business for the applicable qualified investment or receives a wire transfer for the applicable qualified investment, as documented on the deposit slip or bank statement of the qualified small business;(4) Pass-through entity means an organization that for the applicable taxable year is a subchapter S corporation, general partnership, limited partnership, limited liability partnership, trust, or limited liability company and that for the applicable taxable year is not taxed as a corporation;(5) Qualified fund means a fund that has been certified by the director under section 77-6304;(6) Qualified high-technology field includes, but is not limited to, aerospace, agricultural processing, renewable energy, energy efficiency and conservation, environmental engineering, food technology, cellulosic ethanol, information technology, materials science technology, nanotechnology, telecommunications, biosolutions, medical device products, pharmaceuticals, diagnostics, biologicals, chemistry, veterinary science, and similar fields;(7) Qualified investment means a cash investment in a qualified small business made in exchange for common stock, a partnership or membership interest, preferred stock, debt with mandatory conversion to equity, or an equivalent ownership interest as determined by the director of a minimum of:(a) Twenty-five thousand dollars in a calendar year by a qualified investor; or(b) Fifty thousand dollars in a calendar year by a qualified fund;(8) Qualified investor means an individual, trust, or pass-through entity which has been certified by the director under section 77-6305; and(9) Qualified small business means a business that has been certified by the director under section 77-6303.Source  Laws 2011, LB389, § 2;  Laws 2014, LB1067, § 5;  Laws 2017, LB217, § 28.
NE Code § 77-6303 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6303 - Qualified small business; certification; application; form; director; duties; qualification; eligibility for tax credits.

77-6303.  Qualified small business; certification; application; form; director; duties; qualification; eligibility for tax credits.(1) A business may apply to the director for certification as a qualified small business. The application shall be in the form and be made under the procedures specified by the director.(2) Within thirty days after receiving an application for certification under this section, the director shall certify the business as satisfying the conditions required of a qualified small business, request additional information, or deny the application. If the director requests additional information, the director shall certify the business or deny the application within thirty days after receiving the additional information. If the director neither certifies the business nor denies the application within thirty days after receiving the original application or within thirty days after receiving the additional information requested, whichever is later, then the application is deemed approved if the business meets the qualifications in subsection (3) of this section. A business that applies for certification and is denied may reapply.(3) To be certified, a business shall:(a) Have its headquarters in Nebraska;(b) Have at least fifty-one percent of its employees employed in Nebraska and have at least fifty-one percent of its total payroll paid or incurred in Nebraska;(c) Be engaged in, or committed to engage in, innovation in Nebraska in one or more of the following activities as its primary business activity:(i) Using proprietary technology to add value to a product, process, or service in a qualified high-technology field; or(ii) Researching, developing, or producing a proprietary product, process, or service in a qualified high-technology field;(d) Except for activities listed in subdivision (3)(c) of this section, not be engaged in political consulting, leisure, hospitality, or professional services provided by attorneys, accountants, physicians, or health care consultants; and(e) Have twenty-five or fewer employees at the time the qualified investment is made.(4) In order for a qualified investment in a qualified small business to be eligible for tax credits, the business shall have applied for and received certification for the calendar year in which the qualified investment was made prior to the date on which the qualified investment was made.Source Laws 2011, LB389, § 3.
NE Code § 77-6304 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6304 - Pass-through entity; certification as qualified fund; application; form; director; duties; qualification; eligibility for tax credits.

77-6304.  Pass-through entity; certification as qualified fund; application; form; director; duties; qualification; eligibility for tax credits.(1) A pass-through entity may apply to the director for certification as a qualified fund for a calendar year. The application shall be in the form and be made under the procedures specified by the director.(2) Within thirty days after receiving an application for certification under this section, the director shall certify the pass-through entity as satisfying the conditions required of a qualified fund, request additional information, or deny the application. If the director requests additional information, the director shall certify the pass-through entity or deny the application within thirty days after receiving the additional information. If the director neither certifies the pass-through entity nor denies the application within thirty days after receiving the original application or within thirty days after receiving the additional information requested, whichever is later, then the application is deemed approved if the pass-through entity meets the qualifications in subsection (3) of this section. A pass-through entity that applies for certification and is denied may reapply.(3) To be certified, a pass-through entity shall:(a) Invest or intend to invest in qualified small businesses; and(b) Have at least three separate investors who satisfy the conditions in section 77-6305.(4) A qualified fund may consist of equity investments or notes that pay interest or other fixed amounts, or any combination of both.(5) In order for a qualified investment in a qualified small business to be eligible for tax credits, a qualified fund that makes the qualified investment shall have applied for and received certification for the calendar year in which the qualified investment was made prior to making the qualified investment.Source  Laws 2011, LB389, § 4;  Laws 2014, LB1067, § 6.
NE Code § 77-6305 (2021)
2021 Nebraska Revised Statutes|Chapter 77 - Revenue and Taxation|77-6305 - Individual, trust, or pass-through entity; certification; application; form; director; duties; qualification; eligibility for tax credits.

77-6305.  Individual, trust, or pass-through entity; certification; application; form; director; duties; qualification; eligibility for tax credits.(1) An individual, trust, or pass-through entity may apply to the director for certification as a qualified investor for a calendar year. The application shall be in the form and be made under the procedures specified by the director. The director shall not certify the following types of individuals, trusts, or pass-through entities as qualified investors:(a) An individual who controls fifty percent or more of the qualified small business receiving the qualified investment;(b) A venture capital company; or(c) Any bank, savings and loan association, insurance company, or similar entity whose normal business activities include venture capital investments.(2) Within thirty days after receiving an application for certification under this section, the director shall certify the individual, trust, or pass-through entity as satisfying the conditions required of a qualified investor, request additional information, or deny the application. If the director requests additional information, the director shall certify the individual, trust, or pass-through entity or deny the application within thirty days after receiving the additional information. If the director neither certifies the individual, trust, or pass-through entity nor denies the application within thirty days after receiving the original application or within thirty days after receiving the additional information requested, whichever is later, then the application is deemed approved if the individual, trust, or pass-through entity meets the qualifications in subsection (1) of this section. An individual, trust, or pass-through entity which applies for certification and is denied may reapply.(3) In order for a qualified investment in a qualified small business to be eligible for tax credits, a qualified investor who makes the qualified investment shall have applied for and received certification for the calendar year in which the qualified investment was made prior to making the qualified investment.Source  Laws 2011, LB389, § 5;  Laws 2014, LB1067, § 7.