Incentives Programs for Thayer County Businesses

Nebraska Affordable Housing Tax Credit

The Affordable Housing Tax Credit Act created a Nebraska state tax credit (AHTC) for developing affordable housing modeled after the federal low-income housing tax credit (LIHTC) provided in Section 42 of the Internal Revenue Code (IRC). The Nebraska Investment Finance Authority (NIFA) and the Nebraska Department of Revenue (DOR) are charged with allocating AHTCs and administering the AHTC Act.

The AHTC Act allows individuals, corporations, financial institutions, and insurance companies to claim nonrefundable tax credits. A qualified taxpayer may use the credits to offset income tax, the premium and related retaliatory tax imposed on insurance companies, and the franchise tax imposed on financial institutions.

Contacts

Nebraska Department of Revenue

PO Box 94818
Lincoln, NE 68509-4818

Phone: 14024715729

https://revenue.nebraska.gov/businesses/nebraska-affordable-housing-tax-credit

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... Learn More
Designed to create quality jobs and promote new investment, CDBG funds must be used to benefit low- to moderate-income persons, aid in the prevention or elimination of slums or blight, or meet other community development emergency needs. CDBG funds can be used to purchase machinery,... Learn More
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The New Markets Job Growth Investment Act allows individuals, corporations, estates and trusts, financial institutions, and insurance companies to claim nonrefundable, nontransferable tax credits for an investment in a qualified community development entity (CDE). The credits may be used against income tax, the premium tax imposed... Learn More
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Provides qualified businesses with refundable tax incentives for projects that create two new jobs and invest $125,000 in counties with less than 15,000 residents. Tele-workers count as new employees. In addition, $250,000-investment and five-job thresholds remain in place for counties with populations of 15,000–25,000. Learn More
Manufacturing machinery and equipment is defined to include: equipment for transporting raw materials or components; molds and dies for forming cast or injected products or its packaging materials; machinery to maintain the integrity of the product or environmental conditions; testing equipment for quality control; computers... Learn More
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