Nebraska Statutes 77-1101.01. Act; purposes
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The purposes of the New Markets Job Growth Investment Act are to:
Terms Used In Nebraska Statutes 77-1101.01
- Tax credit: means a credit against the tax otherwise due under the Nebraska Revenue Act of 1967 or sections 44-101 to 44-165, 77-907 to 77-918, or 77-3801 to 77-3807. See Nebraska Statutes 77-1112
- United States: shall include territories, outlying possessions, and the District of Columbia. See Nebraska Statutes 49-801
(1) Provide access to capital to small businesses that are not otherwise able to receive affordable financing;
(2) Attract investment dollars from the New Markets Tax Credit Program of the United States Department of the Treasury; and
(3) Ensure Nebraska small businesses have access to capital to retain and add jobs.