Nebraska enacts new tax incentive programs

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August 2020


Nebraska Governor Pete Ricketts (R) on August 17 approved Legislative Bill 1107, creating a new flagship incentive program called ImagiNE Nebraska, which provides business tax credits for companies increasing employment and/or investment in Nebraska effective January 1, 2021. ImagiNE Nebraska will replace the existing major incentive program, the Nebraska Advantage, which sunsets on December 31, 2020. The bill also creates other incentives for employee retention, job training, property tax, and renewable chemical production.

The takeaway

Companies with growth in investment or jobs in Nebraska should be strategic about applying for either the current Advantage program before year-end or the new ImagiNE Nebraska program starting in 2021.

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Peter Michalowski

State and Local Tax Leader, PwC US

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