There is a newer version
of
this Statute
2017 Nebraska Revised Statutes
Chapter 77 - REVENUE AND TAXATION
77-1114 Tax credit; not refundable or transferable; allocation; carry forward.
Universal Citation: NE Code § 77-1114 (2017)
77-1114. Tax credit; not refundable or transferable; allocation; carry forward.
No tax credit claimed under the New Markets Job Growth Investment Act shall be refundable or transferable. Tax credits earned by a partnership, limited liability company, subchapter S corporation, or other pass-through entity may be allocated to the partners, members, or shareholders of such entity for their direct use in accordance with any agreement among such partners, members, or shareholders. Any amount of tax credit that the taxpayer is prohibited from claiming in a taxable year may be carried forward to any of the taxpayer's five subsequent taxable years.
Source
- Laws 2012, LB1128, ยง 14.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
