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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

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

INSIGHTS

Sales Tax Registration 101

Sales Tax Registration 101

Starting a business can be easy. Knowing how to make sure that you are in compliance with state and federal laws is a little more difficult. You probably already know that you need to register to collect sales tax…

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Changes in Nebraska Sales Tax Laws

Changes in Nebraska Sales Tax Laws

Do you have questions about sales and use tax laws? You’re not alone. With 7,500 different tax jurisdictions in the United States alone, it’s easy to understand why our sales & use tax laws…

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OMAHA

13616 California Street, Suite 300

Omaha, NE 68154

P: 402.496.8800

HASTINGS

747 N Burlington Avenue, Suite 401

Hastings, NE 68901

P: 402.462.4154

LINCOLN 

601 P Street, Suite 103

Lincoln, NE 68508

P: 531.500.2000

GRAND ISLAND

3320 James Road, Suite 100

Grand Island, NE 68803

P: 308.382.7850