77-5209.01 Tax credit for financial management program participation. - Nebraska Statutes

77-5209.01. Tax credit for financial management program participation.A qualified beginning farmer or livestock producer in the first, second, or third year of a qualifying three-year rental agreement shall be allowed a one-time credit to be applied against the state income tax liability of such individual for the cost of participation in the financial management program required for eligibility under section 77-5209. The amount of the credit shall be the actual cost of participation in an approved program incurred during the tax year for which the credit is claimed, up to a maximum of five hundred dollars. SourceLaws 2006, LB 990, § 12.