Nebraska § 77-3120 Tax credits; limit

Nebraska Statutes

§ 77-3120 — Tax credits; limit

Nebraska § 77-3120

Ch. 77Revenue and Taxation

This text of Nebraska § 77-3120 (Tax credits; limit) 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. § 77-3120 (2026).

Text

The annual limit on the total amount of tax credits allowed for calendar year 2025 shall be nine hundred thousand dollars with a total of three hundred thousand dollars for each congressional district. Once credits have reached the annual limit, no additional credits shall be allowed. The maximum amount of credits per program or project shall not exceed one hundred fifty thousand dollars for the first congressional district and one hundred fifty thousand dollars for the third congressional district. Tax credits shall not be allowed for calendar year 2026 or any calendar year thereafter, except that any tax credits allowed in calendar year 2025 that are unused may be carried forward as provided in subsection (6) of section  77-3119 .

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The annual limit on the total amount of tax credits allowed for calendar year 2025 shall be nine hundred thousand dollars with a total of three hundred thousand dollars for each congressional district. Once credits have reached the annual limit, no additional credits shall be allowed. The maximum amount of credits per program or project shall not exceed one hundred fifty thousand dollars for the first congressional district and one hundred fifty thousand dollars for the third congressional district. Tax credits shall not be allowed for calendar year 2026 or any calendar year thereafter, except that any tax credits allowed in calendar year 2025 that are unused may be carried forward as provided in subsection (6) of section 77-3119 .

Legislative History

Source: Laws 1984, LB 372, § 8; Laws 2005, LB 334, § 5; Laws 2011, LB345, § 9; Laws 2014, LB1114, § 1; Laws 2016, LB1083, § 7; R.S.1943, (2022), § 13-208; Laws 2024, LB1344, § 7; Laws 2025, LB650, § 47. Operative Date: May 7, 2025