This text of Nebraska § 77-2734.16 (Income tax; unitary business; three-factor formula) 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.
The fraction used in section 77-2734.05 shall be computed in the following manner for taxable years beginning or deemed to begin on or after January 1 of the given year. The average of the property, payroll, and sales factors, which shall be known as the three-factor formula, shall be computed for each year and then combined with the sales factor only using the following percentages:
(1)For 1987, the weight of the three-factor formula shall be one hundred percent;
(2)For 1988, the weight of the three-factor formula shall be eighty percent and the sales factor shall be twenty percent;
(3)For 1989, the weight of the three-factor formula shall be sixty percent and the sales factor shall be forty percent;
(4)For 1990, the weight of the three-factor formula shall be forty percent and the
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The fraction used in section 77-2734.05 shall be computed in the following manner for taxable years beginning or deemed to begin on or after January 1 of the given year. The average of the property, payroll, and sales factors, which shall be known as the three-factor formula, shall be computed for each year and then combined with the sales factor only using the following percentages:
(1) For 1987, the weight of the three-factor formula shall be one hundred percent;
(2) For 1988, the weight of the three-factor formula shall be eighty percent and the sales factor shall be twenty percent;
(3) For 1989, the weight of the three-factor formula shall be sixty percent and the sales factor shall be forty percent;
(4) For 1990, the weight of the three-factor formula shall be forty percent and the sales factor shall be sixty percent; and
(5) For 1991, the weight of the three-factor formula shall be twenty percent and the sales factor shall be eighty percent.
For 1992 and each year thereafter, the fraction used in section 77-2734.05 shall be the sales factor only.