Neb. Rev. Stat. §§ 77-3137

Current with changes through 2024

Section 77-3137 - Tax credit; application; contents

To receive tax credits under the Nebraska Shortline Rail Modernization Act, an eligible taxpayer shall submit an application to the department on a form prescribed by the department after incurring the relevant qualified shortline railroad maintenance expenditures. The application shall be submitted no later than May 1 of the calendar year immediately following the calendar year in which the expenditures were incurred. The application shall include the following information:

(1) The number of miles of railroad track owned or leased in this state by the eligible taxpayer; and

(2) A description of the amount of qualified shortline railroad maintenance expenditures incurred by the eligible taxpayer.

Neb. Rev. Stat. §§ 77-3137

Laws 2024, LB937, § 17.

Added by Laws 2024, LB 937,§ 17, eff. 7/19/2024.

Added by Laws 2024, LB 937,§ 17, eff. 7/19/2024.