Nebraska Advantage Microenterprise Tax Credit – Nebraska Department of Revenue
The Nebraska Advantage Microenterprise Tax Credit Act (Act) provides a refundable individual income tax credit to individual applicants who are actively involved in operating a microbusiness based on demonstrated growth of the business over two years.
About
The credits can be used against sales and use taxes or income tax liability for taxpayers engaged in livestock production who invest in at least $50,000 for livestock modernization or expansion. The amount of the tax credit for livestock production will be 10% of the investment, not to exceed $150,000. There are also benefits available for livestock production activity in eligible areas under the L1 and L2 levels of the program that have increases in both employment and investment.
Services Provided
Financial Resources and Assistance
- Tax Credits (Specialty)
Economic and Site Development
- Tax Credits (Specialty)
Tax Services
- Tax Credits (Specialty)
Contact Information
Garrett Nedved
Garrett Nedved
Address
301 Centennial Mall South
PO Box 98944
Lincoln, NE 68509
301 Centennial Mall South
PO Box 98944
Lincoln, NE 68509
Phone
(402) 471-5862
(402) 471-5862
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