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: | 2022 |
| Program name: | Nebraska Advantage Act |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | Nebraska Revised Statutes s. 77-5701 through 77-5735 |
| Abating jurisdiction(s): | State of Nebraska |
| Applicable taxes: | Sales and Use Tax; Personal Property Tax; Real Property Tax; Withholding |
| Method of abatement: | Tax refund; Tax Credit; Tax Exemption |
| Provisions for recapture: | Benefits will be recaptured if the minimum levels of investment or employment are not maintained for all years during the 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 tax for investments made during the year. The State will also recapture 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. |
| Gross revenue loss: | $382,686,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $382,686,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://das.nebraska.gov/accounting/docs/cafr/acfr2022.pdf |
