Nebraska Statutes 77-1013. Investment, defined
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Investment means the value of qualified property incorporated into or used at the project. For qualified property owned by the taxpayer, the value shall be the original cost of the property. Investment does not include real property for a tourism development project.
Terms Used In Nebraska Statutes 77-1013
- Investment: means the value of qualified property incorporated into or used at the project. See Nebraska Statutes 77-1013
- Project: means the acquisition, including the acquisition of real estate by a leasehold interest with a minimum term of ten years, construction, and equipping of a tourism attraction or redevelopment project. See Nebraska Statutes 77-1017
- Qualified property: means any tangible property of a type subject to depreciation, amortization, or other recovery under the Internal Revenue Code of 1986, as amended, or the components of such property, that will be located and used at the project. See Nebraska Statutes 77-1019
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Taxpayer: means any person subject to sales and use taxes under the Nebraska Revenue Act of 1967 and subject to withholding under section Nebraska Statutes 77-1024