Nebraska § 77-2505 Insurance company; no additional retaliatory tax

Nebraska Statutes

§ 77-2505 — Insurance company; no additional retaliatory tax

Nebraska § 77-2505

Ch. 77Revenue and Taxation

This text of Nebraska § 77-2505 (Insurance company; no additional retaliatory tax) 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. § 77-2505 (2026).

Text

An insurance company claiming a Nebraska affordable housing tax credit against any premium and related retaliatory taxes due under section  44-150 ,  77-908 , or  81-523  shall not be required to pay any additional retaliatory tax as a result of claiming the tax credit. The tax credit may fully offset any retaliatory tax imposed under Nebraska law. Any tax credit claimed shall be considered a payment of tax for purposes of subsection (1) of section  77-2734.03 .

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An insurance company claiming a Nebraska affordable housing tax credit against any premium and related retaliatory taxes due under section 44-150 , 77-908 , or 81-523 shall not be required to pay any additional retaliatory tax as a result of claiming the tax credit. The tax credit may fully offset any retaliatory tax imposed under Nebraska law. Any tax credit claimed shall be considered a payment of tax for purposes of subsection (1) of section 77-2734.03 .