Nebraska § 77-1114 Tax credit; not refundable or transferable;
allocation; carry forward

Nebraska Statutes

§ 77-1114 — Tax credit; not refundable or transferable; allocation; carry forward

Nebraska § 77-1114

Ch. 77Revenue and Taxation

This text of Nebraska § 77-1114 (Tax credit; not refundable or transferable; allocation; carry forward) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 77-1114 (2026).

Text

No
tax credit claimed under the New Markets Job Growth Investment Act shall be
refundable or transferable. Tax credits earned by a partnership, limited liability
company, subchapter S corporation, or other pass-through entity may be allocated
to the partners, members, or shareholders of such entity for their direct
use in accordance with any agreement among such partners, members, or shareholders.
Any amount of tax credit that the taxpayer is prohibited from claiming in
a taxable year may be carried forward to any of the taxpayer's five subsequent
taxable years.

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No
tax credit claimed under the New Markets Job Growth Investment Act shall be
refundable or transferable. Tax credits earned by a partnership, limited liability
company, subchapter S corporation, or other pass-through entity may be allocated
to the partners, members, or shareholders of such entity for their direct
use in accordance with any agreement among such partners, members, or shareholders.
Any amount of tax credit that the taxpayer is prohibited from claiming in
a taxable year may be carried forward to any of the taxpayer's five subsequent
taxable years.