What is a “college or university” for purposes of enhanced research tax credits?
There is no general definition of “college” or “university” found in the Nebraska Revised Statutes, even though those terms are used extensively throughout the statutes dealing with higher education. Chapter 85, Article 11 of the Nebraska Statutes, which deals with establishment of new private colleges and registration of out-of-state colleges, defines “out‑of‑state institutions of higher education” to include “any college, university, community college, technical institute, junior college or the equivalent that offers college courses or awards an associate or higher degree” (Neb. Rev. Stat. §85-1101). The approval process for new private colleges governs applications to “establish new two-year, four-year, graduate, or professional private colleges” (Neb. Rev. Stat. §85-1105). The property tax exemption for private colleges extends to “an institution operated exclusively for the purpose of offering regular courses with systematic instruction in academic, vocational, or technical subjec
