2013 Nebraska Revised Statutes
Chapter 77 - REVENUE AND TAXATION
77-27,230 - Individuals; income tax credit; amount; treatment.
77-27,230. Individuals; income tax credit; amount; treatment.
(1) A resident individual shall be allowed a credit against the income tax due under the Nebraska Revenue Act of 1967 in an amount equal to fifteen percent of the present value of the aggregate amount of the charitable gift portion of a planned gift made by the individual during the tax year to any qualified endowment. The maximum credit per individual per tax year is five thousand dollars. The credit allowed under this section shall not exceed the taxpayer's income tax liability.
(2) The credit cannot be carried back or forward, and the credit shall be applied to the tax year in which the planned gift is made.
Source
- Laws 2005, LB 28, § 4;
Laws 2006, LB 1010, § 1.
Termination Date: January 1, 2010
Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
