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: | 2019 |
| Program name: | Beginner Farmer Tax Credit Act |
| Program purpose: | Agricultural development |
| Statutory authority: | Neb. Rev. Stat. §§ 77-5201 through 77-5215 |
| Abating jurisdiction(s): | State of Nebraska |
| Applicable taxes: | Property Tax; Income Tax |
| Method of abatement: | Tax Exemption; Tax Credit |
| 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: | $1,619,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,619,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://das.nebraska.gov/accounting/fin-report.html |
