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Nebraska Revised Statutes — Chapter 77 (Revenue and Taxation)

Neb. Rev. Stat. § 77-1101.01

Act; purposes

Official textnebraskalegislature.gov

The purposes of the New Markets Job Growth Investment Act are to:

# (1)

Provide access to capital to small businesses that are not otherwise able to receive affordable financing;

# (2)

Attract investment dollars from the New Markets Tax Credit Program of the United States Department of the Treasury; and (3) Ensure Nebraska small businesses have access to capital to retain and add jobs

Last amended: Source Laws 2021, LB682, § 2. Frequent Questions Americans with Disabilities Act Notice Privacy Policy Glossary of Terms Contact Us Disclaimer OFFICIAL NEBRASKA GOVERNMENT WEBSITE Copyright © Nebraska Legislature, all rights reserved.

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In this chapter (40 sections)
  1. 77-1017 · Project, defined
  2. 77-1018 · Qualified business, defined
  3. 77-1019 · Qualified property, defined
  4. 77-1020 · Recreation facility, defined
  5. 77-1021 · Redevelopment project, defined
  6. 77-1022 · Related persons, defined
  7. 77-1023 · Structured parking, defined
  8. 77-1024 · Taxpayer, defined
  9. 77-1025 · Tourism attraction, defined
  10. 77-1026 · Year, defined
  11. 77-1027 · Year of application, defined
  12. 77-1028 · Election required; procedures applicable
  13. 77-1029 · Verification of work eligibility status
  14. 77-1030 · Application; form; contents; confidentiality; fee;…
  15. 77-1031 · Incentives; tiers; project requirements; refund of taxes
  16. 77-1032 · Department of Revenue; duties; review of projects; recapture…
  17. 77-1033 · Transfer of incentives; when; liability for recapture
  18. 77-1034 · Refunds; interest not allowable
  19. 77-1035 · Act; restrictions on use
  20. 77-1101 · Act, how cited
  21. 77-1101.01 · Act; purposes
  22. 77-1102 · Definitions, where found
  23. 77-1103 · Applicable percentage, defined
  24. 77-1104 · Credit allowance date, defined
  25. 77-1105 · Letter ruling, defined
  26. 77-1106 · Long-term debt security, defined
  27. 77-1107 · Purchase price, defined
  28. 77-1108 · Qualified active low-income community business, defined
  29. 77-1109 · Qualified community development entity, defined
  30. 77-1110 · Qualified equity investment, defined
  31. 77-1111 · Qualified low-income community investment, defined
  32. 77-1112 · Tax credit, defined
  33. 77-1113 · Vested tax credit; utilization
  34. 77-1114 · Tax credit; not refundable or transferable; allocation; carry…
  35. 77-1115 · Tax Commissioner; limit tax credit utilization
  36. 77-1116 · Qualified community development entity; application;…
  37. 77-1117 · Recapture of tax credit
  38. 77-1118 · Recapture of tax credit; notice of noncompliance; cure period
  39. 77-1119 · Tax Commissioner; issue letter rulings; request; refusal to…
  40. 77-1120 · Qualified community development entity; report to Tax…
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