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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 In2022
Program nameEmployment and Investment Growth
Program purpose: Job Creation/Retention
Statutory authority: Nebraska Revised Statutes s. 77-4101 through 77-4113
Abating jurisdiction(s): State of Nebraska
Applicable taxesSales and Use Tax; Personal Property Tax; Income Tax
Method of abatement: Tax refund; Tax Credit
Provisions for recapture: Benefits will be recaptured if the minimum levels of investment or employment are not maintained for all years during the seven-year entitlement period. Under recapture, for each year the levels are not maintained, the taxpayer cannot earn new Tax Credits or claim direct refunds of sales and use taxes for investments made during the year. The State will also assess a portion of benefits already received and retain a portion of subsequent tax offsets or refunds to recover the portion of benefits subject to recapture. For each year of recapture, the length of the property Tax Exemption will be reduced by one year.
Gross revenue loss: $10,814,000
Reimbursement / offset: $0
Net revenue loss: $10,814,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://das.nebraska.gov/accounting/docs/cafr/acfr2022.pdf