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The Nebraska Advantage package was designed to create a business climate that makes Nebraska the preferred location for starting and growing your business. The Nebraska Advantage rewards businesses that invest in the state and hire Nebraskans. In this progressive, pro-business tax climate, corporate income and sales taxes are reduced or virtually eliminated. Expand or grow your business in Nebraska, and see how it will positively impact your bottom line.
The Nebraska Advantage Act contains tiers of incentives based on the number of jobs created and the investment amount. Benefits can include sales tax refunds, jobs credits, investment credits, manufacturing machinery and equipment sales tax exemption, and personal property tax exemption.
The Nebraska Research and Development Advantage allows qualifying research and development companies to claim a tax credit equal to 3 percent of increased expenses related to research and development.
The Nebraska Advantage Package exempts expenditures on manufacturing machinery, equipment and related services from state and local sales taxes.
The Nebraska Customized Job Training Advantage Program funds are used to train Nebraskans for new jobs created by companies expanding or locating in Nebraska. They can also be used to retrain current employees for jobs, which, due to new processes or purchases of new technology or equipment, require skill upgrades.
The Nebraska Inventory Tax Exemptions exempts business inventories from property and inventory taxes.
More information about Incentives and FinancingÂ
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