77-3804. Franchise tax; limitation rate; limitation amount.
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/ne/chapter-77/77-3804A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The limitation rate shall be forty-eight and eight-tenths percent of the maximum corporate income tax rate in effect for the taxable year, as prescribed in section 77-2734.02 , rounded to the nearest hundredth of one percent.
(2)The limitation amount shall be the product of the net financial income of the financial institution multiplied by the limitation rate.