Nebraska LB182 amends tax credit provisions for affordable housing and child care.
Nebraska LB182 modifies the Affordable Housing Tax Credit Act and the Child Care Tax Credit Act. It redefines terms and changes provisions for tax credits, including the recapture of credits and the transfer of credits. The bill specifies that tax credits can offset income, premium, and franchise taxes. It also details the process for applying for and receiving tax credits, including the role of the Nebraska Investment Finance Authority.
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