Incentives Programs for Thayer County Businesses

Capital Gains and Extraordinary Dividend Exclusion

Exemption from state personal income tax on capital gains realized from selling or exchanging stock of one corporation acquired by an employee with that corporation. The employee can also exclude extraordinary dividends that exceed 20% of the value of the stock for the same corporation. The corporation must have done business in Nebraska for at least three years and must have a minimum of five shareholders, and related shareholders cannot own more than 90% of the stock.

Contacts

Nebraska Department of Economic Development

301 Centennial Mall South 4th Floor
Lincoln, NE 68508

Phone: 14024713111

https://opportunity.nebraska.gov/why-nebraska/incentives/

Category: Business, Nebraska Advantage

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