Nebraska: corporate income tax, no franchise tax and an annual report due every two years.
Each fact below cites the agency page we read and the day we read it. Where a rule is still being confirmed, the page says so instead of showing a zero.
Verified facts
Corporate income tax
Yes
flat 4.55% of taxable income for tax years beginning on or after January 1, 2026 and before January 1, 2027 (5.20% for 2025; 3.99% from 2027)
Franchise or privilege
No
No general corporate franchise or privilege tax. The Department states Nebraska imposes a separate franchise tax only on financial institutions that maintain a permanent place of business in the state and actively solicit deposits from Nebraska residents (Form 1120NF).
Entity annual report
Yes
biennial · Domestic and foreign business corporations and professional corporations file biennial occupation tax reports in even-numbered years by March 1; delinquent April 15
Return due date
Published rule
15th day of the 4th month following the close of the taxable year (April 15 for calendar-year filers), conforming to federal due dates
Extension
7 months
Obtained by filing Form 7004N by the return due date, by attaching a copy of a timely federal Form 7004 or approved federal extension to the Nebraska return, or by filing Form 7004N before the federal extension expires when a federal extension was granted.
Zero activity / minimum tax
Not verified
Not verified
Long-form guide in professional review
Dates, extensions and payments
Filing and payment dates stay separate wherever the source supports it.
- Filing
Return filing
15th day of the 4th month following the close of the taxable year (April 15 for calendar-year filers), conforming to federal due dates
15th day of the 4th month after fiscal year end; corporations with a fiscal year ending June 30 are due the 15th day of the 3rd month after year end (September 15)
- Payment
Tax payment
Separate dateInterest is due on unpaid tax even when an extension is granted; a tentative payment with Form 7004N stops interest from accruing.
The payment date is separate from the filing date
- Extension
Extension
Does not extend paymentObtained by filing Form 7004N by the return due date, by attaching a copy of a timely federal Form 7004 or approved federal extension to the Nebraska return, or by filing Form 7004N before the federal extension expires when a federal extension was granted.
Automatic · 7 months
- Entity report
Entity report
biennialDomestic and foreign business corporations and professional corporations file biennial occupation tax reports in even-numbered years by March 1; delinquent April 15
LLCs and nonprofit corporations file in odd-numbered years by April 1 (delinquent June 16); LLPs file annually by April 1. Missing the delinquency date can lead to administrative dissolution or revocation. The report fee was not stated on…
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Frequently asked questions
Does Nebraska impose a corporate income tax?
Yes. flat 4.55% of taxable income for tax years beginning on or after January 1, 2026 and before January 1, 2027 (5.20% for 2025; 3.99% from 2027) Form: Nebraska Corporation Income Tax Return, Form 1120N.
Does Nebraska charge a franchise or privilege tax?
No. The official source consulted does not impose a franchise tax on corporations.
When is the Nebraska corporate return due?
15th day of the 4th month following the close of the taxable year (April 15 for calendar-year filers), conforming to federal due dates
Does an extension also postpone the tax payment?
No. The extension moves the filing date, not the payment date; unpaid tax can accrue penalty and interest.
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