Nebraska Advantage Act Multi-Tiered Benefits
Tier 1 - $1 Million New Investment and 10 New Jobs
Qualifying businesses under this tier are eligible for a half refund of the sales tax paid for qualified capital purchases at the project, the full sliding scale wage credit of 3%, 4%, 5%, or 6% depending on wage level, and a 3% investment tax credit.
Tier 2 - $200 Million New Investment and 30 New Jobs at Data Center
This new tier qualifies for a refund of all sales and use taxes on the project’s tangible personal property from the date of acquisition through the entitlement period, the sliding scale wage credit, and a 10% investment credit. Also, it includes a personal property tax exemption up to 10 years on all of the project’s personal property.
Tier 3 - 30 New Jobs (No Investment)
For the creation of 30 new jobs, the company receives the sliding scale wage credit. No capital investment is required.
Tier 4 - $12 Million New Investment and 100 New Jobs
In addition to the sales tax refund, jobs credit, and the investment credit, qualifying businesses under this tier receive a personal property tax exemption on turbine-powered aircraft, personal computer systems, agricultural product processing machinery, and personal property used in a distribution facility for up to 10 years.
Tier 5 - $37 Million New Investment and Must Maintain Employment
Companies receive a refund of all sales taxes paid on capital purchases with the project. Also, it includes a personal property tax exemption on computer systems for an Internet web portal or data center.
Super Tier 6 - $10 Million New Investment and 75 New Jobs or $109 Million New Investment and 50 New Jobs
Any business activity other than retail qualifies. Refund of all sales tax on project’s capital purchases, 10% job credit on new employee “compensation”—wage thresholds per new position are the greater of 200% of the county average wage or 150% of the Nebraska average wage, 15% investment credit, and personal property tax exemption for all personal property at the project for up to 10 years.
Components Incorporated into the
Nebraska Advantage Package
Rural Development Advantage
Provides qualified businesses with refundable tax incentives for projects that create two new jobs and invest $125,000 in counties with less than 15,000 residents. Tele-workers count as new employees. In addition, $250,000-investment and five-job thresholds remain in place for counties with populations of 15,000–25,000.
Nebraska Customized Job Training Advantage
Provides a flexible and discretionary job training program with grants from $800 to $4,000 per qualified new job. Additional grant funds may be available for new jobs created in rural and high-poverty areas. You can design your own training, or a statewide training team can assist with training needs and assessments, training plans, curriculum development, and training instruction.
Nebraska Advantage Research and Development Credit