77-2701. Act, how cited.
Sections 77-2701 to 77-27,135.01, 77-27,222, 77-27,235, 77-27,236, 77-27,238, and 77-27,239 shall be known and may be cited as the Nebraska Revenue Act of 1967.
Source
Annotations
Section 2-1208 imposes a tax directly upon the licensee racetrack. Section 77-2701 et seq. impose a sales tax upon the purchaser. Thus, section 77-2701 does not conflict with the provisions of section 2-1208 which prohibit any additional taxes from being imposed upon the licensee. Governors of Ak-Sar-Ben v. Department of Rev., 217 Neb. 518, 349 N.W.2d 385 (1984).
The act authorizes the use of the combined or unitary apportionment method of reporting to determine the income of a corporation engaged in a unitary business operation. PMD Investment Co. v. State, 216 Neb. 553, 345 N.W.2d 815 (1984).
This act does not authorize State Tax Commissioner to exclude partners and partnerships nor Subchapter S corporations from benefit of transitional period regulation. Altsuler v. Peters, 190 Neb. 113, 206 N.W.2d 570 (1973).
Nebraska Revenue Act of 1967 does not violate the Constitution of Nebraska. Anderson v. Tiemann, 182 Neb. 393, 155 N.W.2d 322 (1967).
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