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Nebraska Angel Investment Tax Credit

This program provides refundable state income tax credits to qualified investors who invest in qualified early-stage companies.

The Nebraska Angel Investment Tax Credit (AITC) program provides refundable state income tax credits to suitable investors who invest in early-stage companies. The AITC program is focused on high-tech business in the State of Nebraska.

If you’d like to be a part of the program, you must be engaged in innovation in Nebraska.

How does the AITC program work?

Individual investors and investment funds qualify for credits by first applying for certification with the Nebraska Department of Economic Development (DED) as a qualified investor and then by making an investment into a qualified small business. Qualified small business are also certified by DED through an application process. Qualified small businesses must be Nebraska-based with more than 51% of their employees in Nebraska, and have fewer than 25 employees at the time of the investment.

Individual investors must invest a minimum of $25,000 per year; investment funds must have a minimum of three investors and invest a minimum of $50,000 per year.

A maximum amount of $350,000 in credits can be issued for couples filing a joint return; the maximum is $300,000 for single filers.

The maximum amount of tax credits allocated for investment in any one business is limited to $1,000,000. The AITC program has $4,000,000 in credits available to issue per year.

For more details please refer to the AITC program guidelines below.

Important Deadlines

Applications for 2019 AITC tax credit allocations will be accepted between November 1, 2018 and December 31, 2018 or until all the credits have been allocated. If applications are received after all 2019 credits are allocated, they are applied to the 2020 allocation. Please review the AITC program guidelines for more information concerning the timing of applications and the allocation of credits.

For more information on Angel Investment tax credits:

Nisha Avey

Business Innovation Consultant