2013 Nebraska Revised Statutes
Chapter 77 - REVENUE AND TAXATION
77-6307 - Annual report; contents; failure to file; fine; final report; when required.
77-6307. Annual report; contents; failure to file; fine; final report; when required.
(1) Beginning July 1, 2012, each qualified small business, qualified investor, and qualified fund shall submit an annual report to the director by July 1 of each year identifying the amount of money that has been invested by or in it in the previous calendar year under the Angel Investment Tax Credit Act.
(2) The report shall certify that the business, investor, and fund satisfies the requirements of the act.
(3) A qualified small business that ceases all operations and becomes insolvent shall file a final report with the director in the form required by the director documenting its insolvency.
(4) To maintain the confidentiality of the qualified investor and qualified small business, the Department of Economic Development shall use a designated number to identify such persons or businesses.
(5) A qualified small business, qualified investor, or qualified fund that fails to file an annual report by July 1 shall be subject to a fine of two hundred dollars.
Source
- Laws 2011, LB389, ยง 7.
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