Nebraska § 77-381 - Terms, defined.
Full text of Nebraska Revised Statutes of Nebraska § 77-381 — Terms, defined., with citation guidance and answers to common questions.
§ 77-381. Terms, defined.
For purposes of the Tax Expenditure Reporting Act, unless the context otherwise requires:
(1) Tax expenditure shall mean a revenue reduction that occurs in the tax base of the state or a political subdivision as the result of an exemption, deduction, exclusion, tax deferral, credit, or preferential rate introduced into the tax structure;
(2) Department shall mean the Department of Revenue;
(3) Income tax shall mean the tax imposed upon individuals and corporations under the Nebraska Revenue Act of 1967;
(4) Sales tax shall mean the tax imposed upon expenditures under the Nebraska Revenue Act of 1967;
(5) Property tax shall mean the tax imposed upon real and personal property under Chapter 77; and
(6) Miscellaneous tax shall mean revenue sources other than income, sales, and property taxes for state and local government including, but not limited to, motor fuel taxes, liquor taxes, cigarette taxes, inheritance and estate taxes, generation-skipping transfer taxes, insurance premium taxes, and occupation taxes and fees or other taxes which generate state or local revenue annually in excess of two million dollars.
Frequently Asked Questions About Nebraska § 77-381
What does Revised Statutes of Nebraska § 77-381 cover?
Section 77-381 ("Terms, defined.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 77-381?
A common citation format is "Revised Statutes of Nebraska § 77-381" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 77-381 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.