{"data":{"id":"us-ne/neb.-rev.-stat.-77-1110","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 77-1110","heading":"Qualified equity investment, defined.","body":"(1) Qualified equity investment means any equity investment in, or long-term debt security issued by, a qualified community development entity that:\n(a) Is acquired after January 1, 2012, at its original issuance solely in exchange for cash;\n(b) Has at least eighty-five percent, or one hundred percent with respect to the 2021 allocation, of its cash purchase price used by the issuer to make qualified low-income community investments in qualified active low-income community businesses located in this state by the first anniversary of the initial credit allowance date;\n(c) Is designated by the issuer as a qualified equity investment and, with respect to awards of the 2021 allocation pursuant to subsection (6) of section 77-1116, is designated by the issuer as a qualified equity investment under section 45D of the Internal Revenue Code of 1986, as amended; and\n(d) Is certified by the Tax Commissioner as not exceeding the limitation contained in section 77-1115.\n(2) The term includes any qualified equity investment that does not meet the requirements of subdivision (1)(a) of this section if such investment was a qualified equity investment in the hands of a prior holder.","path":["Chapter 77 - REVENUE AND TAXATION"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=77-1110","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-09-17T21:01:11Z","sha256":"c216d0a7f13dab1b8a4ef27f1092034846aec16257762036fdeb59599a8ce65c","source_id":"us-ne","stale":true,"prev":"us-ne/neb.-rev.-stat.-77-1109","next":"us-ne/neb.-rev.-stat.-77-1111"},"notice":"GroundRules: Original legal text. Not legal advice."}