Nebraska Announces Advantage Act Wage and Investment Requirements

The average annual wage and investment requirements for the Nebraska Advantage Acts have been announced.

Nebraska Advantage Act

An applicant must meet the following average annual wage (wage) and investment requirements on or after January 1, 2019 to qualify for benefits under the Nebraska Advantage Act, applicable to the state’s corporate and personal income and sales and use taxes:

– Tier 1 applicants must meet an investment requirement of $1 million and an average wage requirement of $26,895 for at least 10 new employees;

– Tier 2 applicants must meet an investment requirement of $3 million and an average wage requirement of $26,895 for at least 30 new employees;

– Tier 3 applicants must meet an average wage requirement of $26,895 for at least 30 new employees;

– Tier 4 applicants must meet an investment requirement of $12 million and an average wage requirement of $26,895 for at least 100 new employees;

– Tier 5 applicants must meet an investment requirement of $36 million;

– Tier 5 renewable energy project applicants must meet an investment requirement of $20 million; and

– Tier 6 applicants must meet an investment requirement of $10 million and an employment requirement of at least 75 new employees, or an investment requirement of $108 million and an employment requirement of at least 50 new employees. Tier 6 applicants must also meet an average wage requirement of at least $67,236.

Nebraska Advantage Rural Development Act

The 2019 required wage level for the Nebraska Advantage Rural Development Act is $14.00 per hour.

Nebraska Advantage Microenterprise Tax Credit Act

The 2019 maximum wage paid for the Nebraska Advantage Microenterprise Tax Credit Act is $1,293 per week.

Revenue Ruling 29-18-1, Nebraska Department of Revenue, November 15, 2018, ¶201-319

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