THE NEBRASKA ADVANTAGE ACT (LB312)

The Nebraska Advantage Program 

The Nebraska Advantage program is designed to reward organizations through both short- and long-term performance-based incentives.

Benefits

Benefits include tax credits and sales/use tax refunds based on the dollars invested and jobs created by a particular project. Benefits can also include personal property tax exemptions.

An Application and Fee Are Required Prior to the Start of Investment at the Project

Application fee from $1,000 to $10,000, depending upon Tier level. The application date is VERY IMPORTANT.

WHO CAN APPLY IN TIER 1?
  • Manufacturing
  • Research and development
  • Exportable services including: software development, computer systems design, product testing, guidance or surveillance systems and technology licensing
WHO CAN APPLY IN TIERS 2, 3, 4, & 5?
  • Same industries as under Tier 1, plus:
  • Call centers, data centers and telecommunications
  • Headquarters/administrative operations
  • Data processing and web portals
  • Insurance and financial services
  • Distribution and warehousing
  • Satellite ground services
  • Retail sales of tangible personal property
WHO CAN APPLY IN TIER 6?
  • All businesses, other than retail, that create 50 or 75 high-paying quality jobs

APPLICATION TIER

INVESTMENT

JOB CREATION

ATTAINMENT PERIOD

ONE $1 MILLION 10 5 YEARS
TWO $3 MILLION 30 7 YEARS
TWO (LARGE DATA CENTER) $200 MILLION 30 7 YEARS
THREE $0 30 5 YEARS
FOUR $11 MILLION 100 7 YEARS
FIVE $34 MILLION 0 (MAINTAIN JOBS) 7 YEARS
FIVE (RENEWABLE ENERGY) $20 MILLION 0 (MAINTAIN JOBS) 7 YEARS
SIX (OPTION ONE) $10 MILLION 75 HIGH-PAYING JOBS 5 YEARS
SIX (OPTION TWO) $100 MILLION 50 HIGH-PAYING JOBS 5 YEARS

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