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.
| State or Territory: | Nebraska |
| Effected Jurisdiction: | Nebraska |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2018 |
| Program name: | New Market Job Growth Investment Tax Credit |
| Program purpose: | Community development |
| Statutory authority: | Nebraska Revised Statutes 77-1101 through 77-1119 |
| Abating jurisdiction(s): | State of Nebraska |
| Applicable taxes: | Income Tax; Insurance Premium Tax; Franchise Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | Credits may be recaptured if 1) any amount of the federal qualified equity investment credit is recaptured; 2) the Community Development Entity (CDE) redeems or repays some or all of the principle of the investment prior to the last credit allowance date; 3) the CDE fails to invest and satisfy the requirements of the program and maintain its investment in a qualified low-income community investment in Nebraska until the lsat credit allowance date. |
| Gross revenue loss: | $13,787,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $13,787,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://das.nebraska.gov/accounting/fin-report.html |
