77-2505. Insurance company; no additional retaliatory tax.
77 words·~1 min read·
/ne/chapter-77/77-2505A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurance company claiming a Nebraska affordable housing tax credit against any premium and related retaliatory taxes due under section 44-150 , 77-908 , or 81-523 shall not be required to pay any additional retaliatory tax as a result of claiming the tax credit. The tax credit may fully offset any retaliatory tax imposed under Nebraska law. Any tax credit claimed shall be considered a payment of tax for purposes of subsection
(1)of section 77-2734.03 .