Nebraska § 77-2734.10 - Income tax; adjustment of factors.
Full text of Nebraska Revised Statutes of Nebraska § 77-2734.10 — Income tax; adjustment of factors., with citation guidance and answers to common questions.
§ 77-2734.10. Income tax; adjustment of factors.
The factors computed pursuant to sections 77-2734.05 to 77-2734.15 shall be adjusted in the following situations:
(1) The sales factor shall include the income from intangibles such as interest, royalties, or dividends and the net income from gains on the sale of intangibles;
(2) Except as provided in subdivision (1) of this section, the factors shall not include in the denominator any amount that cannot be assigned to a numerator because of the inability to reasonably identify the location of an income-producing activity;
(3) The factors shall not include any amount that was eliminated as an intercompany transaction;
(4) The factors shall not include any property, payroll, or sales that are a part of the production of income that is not subject to apportionment;
(5) The property factor shall include the intangible drilling costs incurred on property that is owned or rented and used during the tax period; and
(6) The property factor of a corporation or unitary business engaged in the exploration and extraction of natural resources shall include undeveloped mineral leases and royalty payments on producing leases, except that those mineral leases determined not suitable for production shall not be included in the property factor.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 77-2734.10
What does Revised Statutes of Nebraska § 77-2734.10 cover?
Section 77-2734.10 ("Income tax; adjustment of factors.") 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 § 77-2734.10?
A common citation format is "Revised Statutes of Nebraska § 77-2734.10" (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 § 77-2734.10 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.