Nebraska Historic Tax Credit
The Nebraska Job Creation and Mainstreet Revitalization Act is jointly administered by History Nebraska and the Nebraska Department of Revenue (DOR). The Act provides up to $15 million in Nebraska Historic Tax Credits (NHTCs) to be allocated annually, beginning January 1, 2015 and ending December 31, 2022. This credit is equal to 20% of eligible expenditures incurred for improvements to qualifying historically significant real property and is limited to $1 million of tax credits per project. NHTC may be used against income tax, the premium tax imposed on insurance companies, or the franchise tax imposed on financial institutions. This credit is transferrable and subject to certain limitations.
Nebraska Department of Revenue
PO Box 94818
Lincoln, NE 68509-4818
Category: Business
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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...
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