« 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.

Effected JurisdictionNebraska
Jurisdiction type: State
Fiscal year ending In2022
Program nameAngel Investment Tax Credit
Program purpose: Capital investment
Statutory authority: Nebraska Revised Statutes s. 77-6301 Tourism 77-6310
Abating jurisdiction(s): State of Nebraska
Applicable taxes(not specified)
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. LB 344, operative August 1, 2019, terminated the Angel Investment Tax Credit Act after calendar year 2019. No Tax Credits may be allocated after that calendar year.
Gross revenue loss: $267,000
Reimbursement / offset: $0
Net revenue loss: $267,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://das.nebraska.gov/accounting/docs/cafr/acfr2022.pdf