STATE AND LOCAL TAX CONSULTING AND COMPLIANCE (SALT)

Today’s state and local tax environment presents businesses and individuals with increasingly complex and demanding challenges, as well as significant opportunities. The Lutz State and Local Tax (SALT) group helps businesses and individuals navigate the myriad of state and local tax challenges and opportunities.

As one of the largest and most experienced group of dedicated SALT professionals in the region, our SALT experts will work closely with you to help you manage your state and local tax burden. Our goal is to familiarize our team with your business or personal situation so we can proactively help you to minimize state and local taxes, avoid unexpected liabilities, and take advantage of credit and incentive opportunities.

 

  • Multi-state Nexus reviews
  • State credits and incentives
  • Sales and use tax
  • Audit assistance and representation
  • Unclaimed property consulting and compliance
  • Private Ruling requests
  • Due diligence and transaction planning
  • Delinquent filer program/voluntary disclosure program
  • Personal property tax
  • Compliance outsourcing

IMAGINE NEBRASKA ACT

On August 17,2020, Governor Pete Ricketts, signed into law Legislative Bill 1107, which includes a new business tax incentive program called the ImagiNE Nebraska Act. The ImagiNE Nebraska Act replaces the Nebraska Advantage Act (“LB312”) effective January 1, 2021. All existing Nebraska Advantage Act project applications filed through the end of 2020 will continue per the terms of the Nebraska Advantage Act. However, no new Nebraska Advantage Act application will be accepted after December 31, 2020.  

The ImagiNE Nebraska Act is similar to the Nebraska Advantage Act but updated to encourage high-wage jobs, promote investment in distressed and rural areas, simplify administrative requirements, and allow for more transparency and accountability.  

Applications are no longer accepted for the Nebraska Advantage Act.

INSIGHTS

Nebraska Taxation of Military Retirement Pay

Nebraska Taxation of Military Retirement Pay

Beginning with tax year 2022, Nebraska will allow an exclusion of 50% of military retirement pay from Nebraska taxable income.  This change is the result of LB 153, enacted by the 2020 Nebraska Legislature

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Nebraska Microenterprise Tax Credit

Nebraska Microenterprise Tax Credit

Do you own a Nebraska based small business? By small business, we mean five or fewer full-time equivalent employees. If so, you may be eligible for Nebraska’s Microenterprise Tax Credit…

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