Nebraska Statutes
§ 77-3802 — Franchise tax imposed
Nebraska·Ch. 77 Revenue and Taxation
(1)There is hereby imposed for each taxable year for the privilege of doing business in this state a franchise tax on all financial institutions with business locations in this state. Such franchise tax shall be based on the average deposits of the financial institution.
(2)The amount of the tax imposed by this section shall be the number of cents, as determined by section 77-3803 , multiplied by the amount of average deposits of the financial institution in thousands of dollars.
(3)The franchise tax imposed by this section shall not exceed the limitation amount prescribed in section 77-3804 .
(4)Each financial institution shall file a separate franchise tax return.
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Legislative History
Source: Laws 1986, LB 774, § 2.
Nearby Sections
15
§ 77-1001
Act, how cited§ 77-1003
Definitions, where found§ 77-1004
Tax terms, meaning§ 77-1005
Approved cost, defined§ 77-1006
Approved project, defined§ 77-1007
Cultural development, defined§ 77-1008
Destination dining, defined§ 77-101
Definitions, where found§ 77-1010
Entitlement period, defined§ 77-1011
Full-service restaurant, defined§ 77-1012
Historical redevelopment, defined§ 77-1013
Investment, defined§ 77-1014
Lodging, defined