77-2502. Terms, defined.
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) 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;
(7) Qualified taxpayer means a taxpayer owning an interest, direct or indirect, in a qualified project; 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 or 77-908, or a financial institution subject to the franchise tax imposed by sections 77-3801 to 77-3807.
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