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Insurance company; no additional retaliatory tax.

Neb. Rev. Stat. § 77-2505
in effect
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77-2505. Insurance company; no additional retaliatory tax. An insurance company claiming a Nebraska affordable housing tax credit against any premium and related retaliatory taxes due under section 44-150, 77-908, or 81-523 shall not be required to pay any additional retaliatory tax as a result of claiming the tax credit. The tax credit may fully offset any retaliatory tax imposed under Nebraska law. Any tax credit claimed shall be considered a payment of tax for purposes of subsection (1) of section 77-2734.03. Laws 2016, LB884, § 15; Laws 2022, LB800, § 341.
Source: Nebraska Legislature (nebraskalegislature.gov)URL: https://nebraskalegislature.gov/laws/statutes.php?statute=77-2505Fetched: 10/20/2026

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