Nebraska Statutes 77-6844. Nebraska-based covered entity under federal law; application; approval; conditions; director; issue agreement, when
(1) It is the intent of the Legislature that an application made by a taxpayer that is a Nebraska-based covered entity as defined in 15 U.S.C. § 4651 under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act, Public Law 116-283, be approved upon receipt if:
Terms Used In Nebraska Statutes 77-6844
- Director: means the Director of Economic Development. See Nebraska Statutes 77-6809
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
- Taxpayer: means any person subject to sales and use taxes under the Nebraska Revenue Act of 1967 and subject to withholding under section 77-2753 and any entity that is or would otherwise be a member of the same unitary group, if incorporated, that is subject to such sales and use taxes and such withholding. See Nebraska Statutes 77-6822
(a) The taxpayer’s application contains the items listed in subsection (2) of section 77-6827 ; and
(b) The taxpayer’s application meets the federal eligibility requirements of the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act, Public Law 116-283.
(2) Not more than thirty days after receipt and approval of an application under subsection (1) of this section, the director shall issue to such taxpayer a written agreement conforming to the requirements of sections 77-6828, 77-6845, and 77-6846.
Source
- Laws 2023, LB92, § 82.
- Operative Date: June 7, 2023