Incentives
- ImagiNE Nebraska Act
- Nebraska Advantage Act (no longer accepting applications)
- Nebraska Advantage Microenterprise Tax Credit Act
- Nebraska Advantage Research and Development Act
- Nebraska Advantage Rural Development Act
- Nebraska Affordable Housing Tax Credit
- Nebraska Biodiesel Tax Credit Act
- Nebraska Higher Blend Tax Credit Act
- Nebraska Historic Tax Credit
- Nebraska Property Tax Credits
- New Markets Growth Investment Act Tax Credit
- NextGen (for beginning farmers)
- Renewable Chemical Production Tax Credit Act
- Urban Redevelopment Act
- Older Programs (no longer accepting applications)
- Nebraska Tax Incentives Annual Reports
- Revenue Rulings
- See Nebraska Department of Economic Development for other State administered programs
Employment & Investment Growth Act Benefits and Sample Timelines
Timeline 1: Maximum Attainment Period
Facts
- Application filed September 27, 1998.
- Application filed for a $3,000,000 and 30 employee project for a new manufacturing facility.
- Applicant has a December 31 federal tax year end. There are no short tax years.
- Applicant reaches the $3,000,000 and 30 employee level in tax year end December 31, 2004.
- The taxpayer maintained the required levels of employment and investment for the entitlement period
Base year
- (1/1/97 - 12/31/97)
Direct refunds
- (9/27/98 - 12/31/10)
Attainment period
- (9/27/98 - 12/31/04)
- Maximum Allowable Time
Credit refunds (must be sufficient credits from prior year)
- (1/1/05 - 12/31/18)
Entitlement period
(1/1/04 - 12/31/10)
Credit use for income tax (must be sufficient credits at end of year)
- (1/1/04 - 12/31/18)
Carryover period
- (1/1/11 - 12/31/18)
Timeline 2: Property Tax Benefits
Facts:
- Application filed September 27, 1998.
- Application filed for a $10,000,000 and 100 employee project for a new manufacturing facility.
- Applicant has a December 31 federal tax year end. There are no short tax years.
- Applicant reaches the $3,000,000 and 30 employee level in tax year end December 31, 2002.
- Applicant reaches the $10,000,000 and 100 employee level in tax year end December 31, 2004.
- The taxpayer maintained the required levels of employment and investment for the entitlement periods
Base year
- (1/1/97 - 12/31/97)
Direct refunds
- (9/27/98 - 12/31/08)
Attainment period
- (9/27/98 - 12/31/03)
- Maximum allowable time
Credit refunds (must be sufficient credits from prior year)
- (1/1/04 - 12/31/16)
Entitlement period
- (1/1/03 - 12/31/08)
Credit use for income tax (must be sufficient credits at end of year)
- (1/1/03 - 12/31/16)
Carryover period
- (1/1/09 - 12/31/16)
Timeline 3: Attainment Period Shorter than Maximum
Facts:
- Application filed September 27, 1998.
- Application filed for a $3,000,000 and 30 employee project for a new manufacturing facility.
- Applicant has a December 31 federal tax year end. There are no short tax years.
- Applicant reaches the $3,000,000 and 30 employee level in tax year end December 31, 2002.
- The taxpayer maintained the required levels of employment and investment for the entitlement period.
Base year
- (1/1/97 - 12/31/97)
Direct refunds
- (9/27/98 - 12/31/08)
Attainment period
- (9/27/98 - 12/31/02)
Credit refunds (must be sufficient credits from prior year)
- (1/1/03 - 12/31/16)
Entitlement period
- (1/1/02 - 12/31/08)
Credit use for income tax (must be sufficient credits at end of year)
- (1/1/02 - 12/31/16)
Carryover period
- (1/1/09 - 12/31/16)
Timeline 4: Recapture
Facts:
- Application filed September 27, 1998.
- Application filed for a $3,000,000 and 30 employee project for a new manufacturing facility.
- Applicant has a December 31 federal tax year end. There are no short tax years.
- Applicant reaches the $3,000,000 and 30 employee level in tax year end December 31, 2004.
- The taxpayer was in recapture for tax years ending December 31, 2006 through December 31, 2008.
Base year
- (1/1/97 - 12/31/97)
Direct refunds
- (9/27/98 - 12/31/05 & 1/1/09 - 12/31/10)
Attainment period
- (9/27/98 - 12/31/04)
Credit refunds (must be sufficient credits from prior year)
- (1/1/05 - 12/31/18)
Entitlement period
- (1/1/04 - 12/31/10)
Credit use for income tax (must be sufficient credits at end of year)
- (1/1/04 - 12/31/18)
Carryover period
- (1/1/11 - 12/31/18)
Period not eligible for new credits
- 1/1/06 - 12/31/08
Timeline 5: Short Tax Year
Facts:
- Application filed September 27, 1998.
- Application filed for a $3,000,000 and 30 employee project for a new manufacturing facility.
- Applicant has a December 31 federal tax year end. The taxpayer has short tax years ending 9/23/00, 12/31/00, 6/30/06 and 12/31/06.
- Applicant reaches the $3,000,000 and 30 employee level in tax year end December 31, 2003.
- The taxpayer maintained the required levels of employment and investment for the entitlement period.
Base year
- (1/1/97 - 12/31/97)
Direct refunds
- (9/27/98 - 12/31/08)
Attainment period
- (9/27/98 - 12/31/03)
- Maximum allowable time
Credit refunds (must be sufficient credits from prior year)
- (1/1/04 - 12/31/16)
Entitlement period
- (1/1/03 - 12/31/08)
Credit use for income tax (must be sufficient credits at end of year)
- (1/1/03 - 12/31/16)
Carryover period
- (1/1/09 - 12/31/16)