Nebraska Statutes 77-1111. Qualified low-income community investment,defined
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Qualified low-income community investment means any capital or equity investment in, or loan to, any qualified active low-income community business. With respect to any one qualified active low-income community business, the maximum amount of qualified low-income community investments made in such business, on a collective basis with all of its affiliates, shall be ten million dollars whether issued to one or several qualified community development entities.
Terms Used In Nebraska Statutes 77-1111
- Qualified active low-income community business: has the meaning given such term in section 45D of the Internal Revenue Code of 1986, as amended, and 26 C. See Nebraska Statutes 77-1108