Nebraska § 77-2734.16 - Income tax; unitary business; three-factor formula.
Full text of Nebraska Revised Statutes of Nebraska § 77-2734.16 — Income tax; unitary business; three-factor formula., with citation guidance and answers to common questions.
§ 77-2734.16. Income tax; unitary business; three-factor formula.
The fraction used in section 77-2734.05 shall be computed in the following manner for taxable years beginning or deemed to begin on or after January 1 of the given year. The average of the property, payroll, and sales factors, which shall be known as the three-factor formula, shall be computed for each year and then combined with the sales factor only using the following percentages:
(1) For 1987, the weight of the three-factor formula shall be one hundred percent;
(2) For 1988, the weight of the three-factor formula shall be eighty percent and the sales factor shall be twenty percent;
(3) For 1989, the weight of the three-factor formula shall be sixty percent and the sales factor shall be forty percent;
(4) For 1990, the weight of the three-factor formula shall be forty percent and the sales factor shall be sixty percent; and
(5) For 1991, the weight of the three-factor formula shall be twenty percent and the sales factor shall be eighty percent.
For 1992 and each year thereafter, the fraction used in section 77-2734.05 shall be the sales factor only.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 77-2734.16
What does Revised Statutes of Nebraska § 77-2734.16 cover?
Section 77-2734.16 ("Income tax; unitary business; three-factor formula.") 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 § 77-2734.16?
A common citation format is "Revised Statutes of Nebraska § 77-2734.16" (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 § 77-2734.16 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.