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.
Nebraska Department of Economic Development
301 Centennial Mall South 4th Floor
Lincoln, NE 68508
Category: Business, Nebraska Advantage
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