Nebraska Statutes 77-3160. Tax credit; annual limit
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The department may approve tax credits under the Individuals with Intellectual and Developmental Disabilities Support Act each fiscal year until the total amount of credits approved for the fiscal year reaches one million dollars for fiscal year 2025-26, one million five hundred thousand dollars for fiscal year 2026-27, and two million dollars for any fiscal year thereafter.
Terms Used In Nebraska Statutes 77-3160
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: shall mean calendar year. See Nebraska Statutes 49-801