NE LB182

Expands eligibility for Nebraska affordable housing tax credits to include nonprofit corporations under 26 U.S.C. 501(c)(3) or 501(c)(4), and allows pass-through entities to transfer, sell, or assign tax credits to any taxpayer

Permits Child Care Tax Credit Act credits to offset insurance premium taxes and financial institution franchise taxes, in addition to income taxes, with credits up to $100,000 per year per taxpayer

Removes the requirement that taxpayers must own a direct or indirect interest in a qualified affordable housing project to claim credits, enabling broader credit transferability

Requires 30-day advance notification to the Department of Revenue when tax credits are allocated, transferred, sold, or assigned, including the tax identification number of the recipient

Applies retroactively to taxable years beginning on or after January 1, 2024, and was approved by the Governor on February 25, 2025