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2013 Nebraska Revised Statutes
Chapter 77 - REVENUE AND TAXATION
77-5209.01 - Tax credit for financial management program participation.


NE Code § 77-5209.01 (2013) What's This?

77-5209.01. Tax credit for financial management program participation.

A qualified beginning farmer or livestock producer in the first, second, or third year of a qualifying three-year rental agreement shall be allowed a one-time credit to be applied against the state income tax liability of such individual for the cost of participation in the financial management program required for eligibility under section 77-5209. The amount of the credit shall be the actual cost of participation in an approved program incurred during the tax year for which the credit is claimed, up to a maximum of five hundred dollars.

Source

    Laws 2006, LB 990, ยง 12.


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