Nebraska § 77-5525 - Qualified business, defined.
Full text of Nebraska Revised Statutes of Nebraska § 77-5525 — Qualified business, defined., with citation guidance and answers to common questions.
§ 77-5525. Qualified business, defined.
Qualified business means any business engaged in the activities listed in subdivisions (1) through (5) of this section or in the storage, warehousing, distribution, transportation, or sale of tangible personal property. Qualified business does not include any business activity in which eighty percent or more of the total sales are sales to the ultimate consumer of food prepared for immediate consumption or are sales to the ultimate consumer of tangible personal property which is not assembled, fabricated, manufactured, or processed by the company or used by the purchaser in any of the following activities:
(1) The conducting of research, development, or testing for scientific, agricultural, animal husbandry, food product, or industrial purposes;
(2) The performance of data processing, telecommunication, insurance, or financial services. Financial services, for purposes of this subdivision, shall only include financial services provided by a financial institution subject to tax under sections 77-3801 to 77-3807 or any person or entity licensed by the Department of Banking and Finance or the Securities and Exchange Commission;
(3) The assembly, fabrication, manufacture, or processing of tangible personal property;
(4) The administrative management of any activities, including headquarter facilities, relating to such activity; or
(5) Any combination of the activities listed in this section.
Frequently Asked Questions About Nebraska § 77-5525
What does Revised Statutes of Nebraska § 77-5525 cover?
Section 77-5525 ("Qualified business, 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 § 77-5525?
A common citation format is "Revised Statutes of Nebraska § 77-5525" (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 § 77-5525 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.