Neb. Rev. Stat. § 77-2502

For purposes of the Affordable Housing Tax Credit Act: (1) Allocation year means the year for which the authority awards Nebraska affordable housing tax credits pursuant to the act; (2) Authority means the Nebraska Investment Finance Authority; (3) Eligibility statement means a statement authorized and issued by the authority certifying that a given project is a qualified project that qualifies for Nebraska affordable housing tax credits; (4) Federal low-income housing tax credit means the federal tax credit provided in section 42 of the Internal Revenue Code of 1986, as amended; (5) Nebraska affordable housing tax credit means the nonrefundable tax credit authorized in section 77-2503 ; (6) Pass-through entity means (a) a partnership, (b) a limited liability company, or (c) a corporation having an election in effect under subchapter S of the Internal Revenue Code of 1986, as amended; (7) Qualified project means a qualified low-income building or buildings, as that term is defined in section 42 of the Internal Revenue Code of 1986, as amended; and (8) Taxpayer means a person, firm, corporation, or other business entity subject to the income tax imposed by section 77-2715 or 77-2734.02 , an insurance company subject to premium and related retaliatory tax liability imposed by section 44-150 , 77-908 , or 81-523 , a financial institution subject to the franchise tax imposed by sections 77-3801 to 77-3807 , or a nonprofit corporation of the type listed in 26 U.S.C. 501(c)(3) or 26 U.S.C. 501(c)(4).