Nebraska § 77-3137 Tax credit; application; contents

Nebraska Statutes

§ 77-3137 — Tax credit; application; contents

Nebraska § 77-3137

Ch. 77Revenue and Taxation

This text of Nebraska § 77-3137 (Tax credit; application; contents) 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. § 77-3137 (2026).

Text

To receive tax credits under the Nebraska Shortline Rail Modernization Act, an eligible taxpayer shall submit an application to the department on a form prescribed by the department after incurring the relevant qualified shortline railroad maintenance expenditures. The application shall be submitted no later than May 1 of the calendar year immediately following the calendar year in which the expenditures were incurred. The application shall include the following information:

(1)The number of miles of railroad track owned or leased in this state by the eligible taxpayer; and

(2)A description of the amount of qualified shortline railroad maintenance expenditures incurred by the eligible taxpayer.

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To receive tax credits under the Nebraska Shortline Rail Modernization Act, an eligible taxpayer shall submit an application to the department on a form prescribed by the department after incurring the relevant qualified shortline railroad maintenance expenditures. The application shall be submitted no later than May 1 of the calendar year immediately following the calendar year in which the expenditures were incurred. The application shall include the following information:
(1) The number of miles of railroad track owned or leased in this state by the eligible taxpayer; and
(2) A description of the amount of qualified shortline railroad maintenance expenditures incurred by the eligible taxpayer.