« Return to search form

Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateNebraska
Effected JurisdictionNebraska
Jurisdiction type: State
Fiscal year ending In2018
Program nameBeginning Farmer Tax Credit Act
Program purpose: Agricultural development
Statutory authority: Nebraska Revised Statutes 77-5201 throuhg 77-5215
Abating jurisdiction(s): State of Nebraska
Applicable taxesIncome Tax; Property Tax
Method of abatement: Tax Credit; Tax Exemption
Provisions for recapture: This credit is subject to recapture if the three-year lease agreement is terminated with fault on the part of the owner of the agricultural assets
Gross revenue loss: $1,503,000
Reimbursement / offset: $0
Net revenue loss: $1,503,000
Type of loss: Active
Additional notes on dislosureProperty Tax abatements only affect county revenues
Document sourcehttps://das.nebraska.gov/accounting/fin-report.html