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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.

Effected JurisdictionNebraska
Jurisdiction type: State
Fiscal year ending In2019
Program nameAngel Investment Tax Credit
Program purpose: Capital investment
Statutory authority: Neb. Rev. Stat. § 77-6301 to 77-6310
Abating jurisdiction(s): State of Nebraska
Applicable taxesIncome Tax
Method of abatement: Tax Credit
Provisions for recapture: These credits are subject to recapture if the investment is not held in the small business for at least three years.
Gross revenue loss: $6,114,000
Reimbursement / offset: $0
Net revenue loss: $6,114,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://das.nebraska.gov/accounting/fin-report.html