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FOR IMMEDIATE RELEASE:
August 20, 2013

FOR INFORMATION CONTACT:
Douglas A. Ewald, Tax Commissioner
402-471-5604

New Markets Job Growth Investment Act
Application Period Begins September 3, 2013

LINCOLN – The Nebraska Department of Revenue (Department) will begin accepting applications under the New Markets Job Growth Investment Act on September 3, 2013. Applications are currently available on the Department’s website. Any applications received by the Department before September 3, 2013, will be deemed to have been received on September 3, 2013.

The New Markets Job Growth Investment Act (Neb. Rev. Stat. §§ 77-1101 through 77-1119) allows individuals, corporations, estates and trusts, financial institutions, and insurance companies to claim nonrefundable, nontransferable tax credits for investments in a qualified community development entity. The credits may be used against income tax, the premium tax imposed on insurance companies, or the franchise tax imposed on financial institutions.

For additional information, visit the New Markets Job Growth Investment Tax Credit web page on the Department’s website.

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APPROVED:
Douglas A. Ewald
Tax Commissioner


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