Nebraska § 77-1110 - Qualified equity investment, defined.
Full text of Nebraska Revised Statutes of Nebraska § 77-1110 — Qualified equity investment, defined., with citation guidance and answers to common questions.
§ 77-1110. Qualified equity investment, defined.
(1) Qualified equity investment means any equity investment in, or long-term debt security issued by, a qualified community development entity that:
(a) Is acquired after January 1, 2012, at its original issuance solely in exchange for cash;
(b) Has at least eighty-five percent, or one hundred percent with respect to the 2021 allocation, of its cash purchase price used by the issuer to make qualified low-income community investments in qualified active low-income community businesses located in this state by the first anniversary of the initial credit allowance date;
(c) Is designated by the issuer as a qualified equity investment and, with respect to awards of the 2021 allocation pursuant to subsection (6) of section 77-1116, is designated by the issuer as a qualified equity investment under section 45D of the Internal Revenue Code of 1986, as amended; and
(d) Is certified by the Tax Commissioner as not exceeding the limitation contained in section 77-1115.
(2) The term includes any qualified equity investment that does not meet the requirements of subdivision (1)(a) of this section if such investment was a qualified equity investment in the hands of a prior holder.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 77-1110
What does Revised Statutes of Nebraska § 77-1110 cover?
Section 77-1110 ("Qualified equity investment, 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 § 77-1110?
A common citation format is "Revised Statutes of Nebraska § 77-1110" (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 § 77-1110 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.