Major Business Tax Incentive Program Updated
By
Unicameral Information Office
Lawmakers passed a bill 34-10 on May 20 that updates the provisions of a major tax incentive program.
Legislative Bill 18, sponsored by Seward Sen. Mark Kolterman, makes three changes to the ImagiNE Act, a business tax incentive program that replaced the Nebraska Advantage Act.
Currently, the act requires that all qualifying new full-time jobs be filled by Nebraskans. The bill removes this provision and instead requires that an individual in a qualifying job be employed in the state and be subject to Nebraska income tax on compensation received.
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