77-6923 – Tax credits; recapture; amount; deadline.
77-6923. Tax credits; recapture; amount; deadline. (1) If the taxpayer fails to maintain employment and investment levels at or above the levels required in the agreement for the entire performance period, any refunds or reduction in tax allowed under the Urban Redevelopment Act shall be partially recaptured from the taxpayer. The amount of the recapture […]
77-6924 – Employees; verification of status required; exclusions.
77-6924. Employees; verification of status required; exclusions. (1) The Director of Economic Development shall not approve or grant to any person any tax incentive under the Urban Redevelopment Act unless the taxpayer provides evidence satisfactory to the director that the taxpayer electronically verified the work eligibility status of all newly hired employees employed in Nebraska. […]
77-6839 – Tax incentives; estimates required; when; exceed base authority; limit on applications.
77-6839. Tax incentives; estimates required; when; exceed base authority; limit on applications. (1) The Department of Economic Development and the Department of Revenue shall jointly, on or before the fifteenth day of October and February of every year and the fifteenth day of April in odd-numbered years, make an estimate of the amount of sales […]
77-6912 – Qualified location, defined.
77-6912. Qualified location, defined. Qualified location means any location in a city of the metropolitan class or a city of the primary class that is used or will be used by the taxpayer to conduct business activities and that is located within an economic redevelopment area. More than one qualified location may be part of […]
77-6840 – Employment and wage data information; Department of Labor; duty.
77-6840. Employment and wage data information; Department of Labor; duty. The Department of Labor shall, as requested, provide to the director and the Tax Commissioner the employment and wage data information necessary to meet the responsibilities of the director and Tax Commissioner under the ImagiNE Nebraska Act, to the extent the Department of Labor collects […]
77-6913 – Qualified property, defined.
77-6913. Qualified property, defined. Qualified property means any tangible property of a type subject to depreciation, amortization, or other recovery under the Internal Revenue Code of 1986, as amended, or the components of such property, that will be located and used at the qualified location. Qualified property does not include (1) aircraft, barges, motor vehicles, […]
77-6841 – Workforce training and infrastructure development; revolving loan program; legislative findings; Department of Economic Development; duties; ImagiNE Nebraska Revolving Loan Fund; created; use; investment.
77-6841. Workforce training and infrastructure development; revolving loan program; legislative findings; Department of Economic Development; duties; ImagiNE Nebraska Revolving Loan Fund; created; use; investment. (1) The Legislature finds that providing job training is critical to the public purpose of attracting and retaining businesses and that the growth of high-paying jobs in Nebraska is limited by […]
77-6914 – Ramp-up period, defined.
77-6914. Ramp-up period, defined. Ramp-up period means two years from the date the complete application was filed with the Director of Economic Development. Source Laws 2021, LB544, § 14.
77-6842 – Workforce training loan; application; partnering entities; loan approval; factors considered.
77-6842. Workforce training loan; application; partnering entities; loan approval; factors considered. (1) A taxpayer with an application under the ImagiNE Nebraska Act may apply for a workforce training loan by submitting an application to the Department of Economic Development which includes, but is not limited to: (a) The number of jobs to be created that […]
77-6843 – Infrastructure development loan; application; approval; factors considered.
77-6843. Infrastructure development loan; application; approval; factors considered. (1) A taxpayer with an application under the ImagiNE Nebraska Act may apply for an infrastructure development loan by submitting an application to the Department of Economic Development which includes, but is not limited to: (a) The nature of the business and the type and number of […]