77-3120. Tax credits; limit.The annual limit on the total amount of tax credits allowed (1) for calendar years 2025 and 2026 shall be nine hundred thousand dollars per year with a total of three hundred thousand dollars per year for each congressional district and (2) for calendar year 2027 and each calendar year thereafter shall be three million dollars per year with a total of one million dollars per year for each congressional district. Once credits have reached the annual limit for any calendar year, no additional credits shall be allowed for such calendar year. The maximum amount of credits per program or project shall not exceed one hundred fifty thousand dollars per year for the first congressional district and one hundred fifty thousand dollars per year for the third congressional district.Source Laws 1984, LB 372, § 8; Laws 2005, LB 334, § 5; Laws 2011, LB345, § 9; Laws 2014, LB1114, § 1; Laws 2016, LB1083, § 7; R.S.1943, (2022), § 13-208; Laws 2024, LB1344, § 7. Operative Date: January 1, 2025
Nebraska Legal Code