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Category: Nebraska
12 Articles
Orange arrow Am I Eligible for the Nebraska Community Development Assistance Act Credit?

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  Eligible Claimants. The Community Development Assistance Act credit may be claimed by individuals or business firms that have been granted the tax credit by the Nebraska Department of Economic Development (DED). The credit is given for contributions to projects of community betterment organizatio...
Posted in: STATES, Nebraska

Orange arrow Nebraska Form 3800N Credit

1336 views
  Purpose. The purposes of the Nebraska Incentives Credit Computation, Form 3800N, are to: Identify the incentive program for which each tax credit is claimed; Identify the amount of tax credits used from each program; Identify the specific project from which the tax credits were received; an...
Posted in: STATES, Nebraska

Orange arrow What Form Will I Get For A Nebraska Beginning Farmer Credit?

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  Beginning Farmer Credit. Enter the credit granted to eligible claimants who receive a Statement of Nebraska Tax Credit, Form 1099 BFC, from the Nebraska Department of Agriculture (NDA). For further information, contact NextGen, which administers the Beginning Farmer Tax Credit Act through the NDA...
Posted in: STATES, Nebraska

Orange arrow What Are Some of the Nebraska Adjustments Increasing Federal AGI?

838 views
  Interest Income from All State and Local Obligations Exempt from Federal Tax. List the type of interest income from a state or local obligation exempt from federal tax on line 45a and the associated amount on line 45b. Then calculate the total by adding all amounts on lines 45b. Attach a schedule...
Posted in: STATES, Nebraska

Orange arrow What is the Nebraska Previous Bonus Depreciation Add Back Deduction Rate?

748 views
  What is the Nebraska Previous Bonus Depreciation Add Back Deduction Rate? For bonus depreciation added-back in tax years 2000 through 2002, twenty percent (20%) of the total amount may be subtracted in the first taxable year beginning or deemed to begin on or after January 1, 2005, and twenty perc...
Posted in: STATES, Nebraska

Orange arrow How Do I Qualify For the Nebraska Special Capital Gains/Extraordinary Dividend Deduction?

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  NEBRASKA SPECIAL CAPITAL GAINS/EXTRAORDINARY DIVIDEND DEDUCTION This deduction is available only to Nebraska residents. Nonresidents do not qualify for this deduction. Enter the amount of the special capital gain or extraordinary dividend. Refer to the Special Capital Gains Election and Computatio...
Posted in: STATES, Nebraska

Orange arrow Am I Eligible for the Nebraska Community Development Assistance Act Credit?

916 views
  Eligible Claimants. The Community Development Assistance Act credit may be claimed by individuals or business firms that have been granted the tax credit by the Nebraska Department of Economic Development (DED). The credit is given for contributions to projects of community betterment organizations...
Posted in: STATES, Nebraska

Orange arrow Nebraska Form 3800N Credit

656 views
  Every taxpayer must complete the Form 3800N, to use the credits allowed by the: • Employment and Investment Growth Act (LB 775); • Renewable Energy Tax credit; • Nebraska Advantage Act (LB 312); • Nebraska Advantage Rural Development Act (LB 608); • Nebraska Advantage ...
Posted in: STATES, Nebraska

Orange arrow Nebraska Beginning Farmer Credit

847 views
  Enter the credit granted to eligible claimants who receive a Statement of Nebraska Tax Credit, Form 1099 BFC, from the Nebraska Department of Agriculture (NDA). For further information, contact NextGen, which administers the Beginning Farmer Tax Credit Act through the NDA at 800-446-4071, nextgen.n...
Posted in: STATES, Nebraska

Orange arrow What are the Rules for Nebraska Previous Bonus Depreciation & 179 Add Back?

1273 views
  For income tax returns filed after September 10, 2001, and before tax year 2006, federal adjusted gross income or, for corporations and fiduciaries, federal taxable income shall be increased by eighty-five percent (85%) of the amount of any federal bonus depreciation received under the federal Job ...
Posted in: STATES, Nebraska

Orange arrow What Are Some of the Nebraska Adjustments Increasing Federal AGI?

749 views
  Interest Income from All State and Local Obligations Exempt from Federal Tax. List the type of interest income from a state or local obligation exempt from federal tax on line 45a and the associated amount on line 45b. Then calculate the total by adding all amounts on lines 45b. Attach a schedule, ...
Posted in: STATES, Nebraska

Orange arrow How Do I Qualify For the Nebraska Special Capital Gains/Extraordinary Dividend Deduction

1385 views
  Once the election is made, the following transactions by a resident, or by a partial-year resident while a resident, qualify for the income exclusion:1. Sales and exchanges of the qualifying stock in the taxable year the election was made and any following taxable year; and2. Sales and exchanges of...
Posted in: STATES, Nebraska


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