Nebraska Revised Statutes — Chapter 77 (Revenue and Taxation)
Neb. Rev. Stat. § 77-1110
Qualified equity investment, defined
# (1)
Qualified equity investment means any equity investment in, or long-term debt security issued by, a qualified community development entity that:
# (a)
Is acquired after January 1, 2012, at its original issuance solely in exchange for cash;
# (b)
Has at least eighty-five percent, or one hundred percent with respect to the 2021 allocation, of its cash purchase price used by the issuer to make qualified low-income community investments in qualified active low-income community businesses located in this state by the first anniversary of the initial credit allowance date;
# (c)
Is designated by the issuer as a qualified equity investment and, with respect to awards of the 2021 allocation pursuant to subsection (6) of section 77-1116 , is designated by the issuer as a qualified equity investment under section 45D of the Internal Revenue Code of 1986, as amended; and (d) Is certified by the Tax Commissioner as not exceeding the limitation contained in section 77-1115 .
# (2)
The term includes any qualified equity investment that does not meet the requirements of subdivision (1)(a) of this section if such investment was a qualified equity investment in the hands of a prior holder
Source: view the official text
In this chapter (40 sections)
- 77-1026 · Year, defined
- 77-1027 · Year of application, defined
- 77-1028 · Election required; procedures applicable
- 77-1029 · Verification of work eligibility status
- 77-1030 · Application; form; contents; confidentiality; fee;…
- 77-1031 · Incentives; tiers; project requirements; refund of taxes
- 77-1032 · Department of Revenue; duties; review of projects; recapture…
- 77-1033 · Transfer of incentives; when; liability for recapture
- 77-1034 · Refunds; interest not allowable
- 77-1035 · Act; restrictions on use
- 77-1101 · Act, how cited
- 77-1101.01 · Act; purposes
- 77-1102 · Definitions, where found
- 77-1103 · Applicable percentage, defined
- 77-1104 · Credit allowance date, defined
- 77-1105 · Letter ruling, defined
- 77-1106 · Long-term debt security, defined
- 77-1107 · Purchase price, defined
- 77-1108 · Qualified active low-income community business, defined
- 77-1109 · Qualified community development entity, defined
- 77-1110 · Qualified equity investment, defined
- 77-1111 · Qualified low-income community investment, defined
- 77-1112 · Tax credit, defined
- 77-1113 · Vested tax credit; utilization
- 77-1114 · Tax credit; not refundable or transferable; allocation; carry…
- 77-1115 · Tax Commissioner; limit tax credit utilization
- 77-1116 · Qualified community development entity; application;…
- 77-1117 · Recapture of tax credit
- 77-1118 · Recapture of tax credit; notice of noncompliance; cure period
- 77-1119 · Tax Commissioner; issue letter rulings; request; refusal to…
- 77-1120 · Qualified community development entity; report to Tax…
- 77-1201 · Tangible personal property; assessment date; listing
- 77-1201.01 · Repealed
- 77-1201.02 · Repealed
- 77-1202 · Tangible personal property; where listed and assessed
- 77-1202.01 · Tax lists; how prepared
- 77-1202.02 · Repealed
- 77-1203 · Repealed
- 77-1204 · Repealed
- 77-1205 · Repealed