Nebraska Statutes
§ 77-3804 — Franchise tax; limitation rate; limitation amount
Nebraska·Ch. 77 Revenue and Taxation
(1)The limitation rate shall be forty-eight and eight-tenths percent of the maximum corporate income tax rate in effect for the taxable year, as prescribed in section 77-2734.02 , rounded to the nearest hundredth of one percent.
(2)The limitation amount shall be the product of the net financial income of the financial institution multiplied by the limitation rate.
Free access — add to your briefcase to read the full text and ask questions with AI
Nebraska § 77-3804 (Franchise tax; limitation rate; limitation amount) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: Laws 1986, LB 774, § 4.
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