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Nebraska Revised Statutes — Chapter 77 (Revenue and Taxation)

Neb. Rev. Stat. § 77-5804

Research tax credit; use; interest

Official textnebraskalegislature.gov

# (1)

The credit allowed under section 77-5803 may be used (a) to obtain a refund of state sales and use taxes paid or (b) against the income tax liability of the taxpayer.

# (2)

A claim for the credit may be filed quarterly for refund of the state sales and use taxes paid, either directly or indirectly, after the filing of the income tax return for the tax year in which the credit was first allowed.

# (3)

The credit may be used to obtain a refund of state sales and use taxes paid before the end of the tax year for which the credit was allowed, except that the amount refunded under this subsection shall not exceed the amount of the state sales and use taxes paid, either directly or indirectly, by the taxpayer on the qualifying expenditures.

# (4)

Credits distributed to a partner, limited liability company member, shareholder, or beneficiary may be used against the income tax liability of the partner, member, shareholder, or beneficiary receiving the credits.

# (5)

Interest shall not be allowed on any taxes refunded under the Nebraska Advantage Research and Development Act

Last amended: Source Laws 2005, LB 312, § 62; Laws 2009, LB164, § 9; Laws 2026, LB901, § 37. Operative Date: July 1, 2026 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. 77-5722 · Qualified employee leasing company; employees; duty
  2. 77-5722.01 · Employees; verification of status required; exclusion
  3. 77-5723 · Incentives; application; contents; fee; approval; when;…
  4. 77-5724 · Incentives; credits or benefits; limitation
  5. 77-5725 · Tiers; requirements; incentives; enumerated; deadlines
  6. 77-5726 · Credits; use; refund claims; procedures; interest;…
  7. 77-5727 · Recapture or disallowance of incentives
  8. 77-5728 · Incentives; transfer; when; effect; disclosure of information
  9. 77-5728.01 · Base-year employees; recalculation, when
  10. 77-5729 · Refunds; interest not allowable
  11. 77-5730 · Application; valid; when
  12. 77-5731 · Reports; content; joint hearing
  13. 77-5732 · Repealed
  14. 77-5733 · Rules and regulations
  15. 77-5734 · Department of Revenue; estimate of sales and use tax refunds;…
  16. 77-5735 · Changes to sections; when effective; applicability
  17. 77-5801 · Act, how cited
  18. 77-5801.01 · Legislative findings
  19. 77-5802 · Business firm, defined
  20. 77-5803 · Research tax credit; amount
  21. 77-5804 · Research tax credit; use; interest
  22. 77-6309 · Repealed
  23. 77-6310 · Rules and regulations
  24. 77-6401 · Act, how cited
  25. 77-6402 · Qualified judgment, defined
  26. 77-6403 · Imposition of sales and use tax; procedure; Tax Commissioner;…
  27. 77-6404 · Imposition of sales and use tax; limitation
  28. 77-6405 · Property tax levy; required
  29. 77-6406 · Act, termination
  30. 77-6605 · Program certification application; consideration; limitations
  31. 77-6606 · Tax credit; application; contents; requirements; approval;…
  32. 77-6607 · Tax credit; amount; use; how claimed
  33. 77-6608 · Tax credit; reduction, termination, or rescission; repayment…
  34. 77-6609 · Trade secret; confidentiality
  35. 77-6610 · Reports
  36. 77-6611 · Rules and regulations
  37. 77-6701 · Act, how cited
  38. 77-6702 · Terms, defined
  39. 77-6703 · Tax credit for school district taxes paid
  40. 77-6704 · Tax credit; refundable; procedure for certain taxpayers
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