Employment and Investment Growth Act
Summary of Benefits Approved

Reporting Neb. Rev. Stat. ยง 77-4110(3)


Back to 2009 Annual Report Main Page | Back to Employment and Investment Growth Act | Tax Incentives Home
Benefit
1988 - 2005
2006
2007
2008
2009
Total
Qualified Applicants
369
18
22
6
14
429
Investment:
     Investment Tax Credits
     New Jobs Credits
          Total Credit Earned

1,459,228,431
    547,958,761
$  2,007,187,192

87,248,048
   24,124,193
$  111,372,241

115,109,842
    34,413,435
$  149,523,277

34,339,429
  19,997,258
$  54,336,687

85,679,363
   53,592,266
$  139,271,629

1,781,605,113
    680,085,913
$  2,461,691,026
Tax Credits Used:
     Corporate Income Tax
     Individual Income Tax
     Subtotal Income Tax
 
     Sales/Use Tax Refunds
          Total Tax Credits Used
 
491,373,338
  110,437,423
$    601,810,761
 
611,566,931
$ 1,213,377,692
 
29,956,611
     8,449,126
$    38,405,737
 
   39,954,493
$    78,360,230
 
29,654,172
   12,283,727
$    41,937,899
 
  45,127,886
$     87,065,785
 
22,461,325
   7,092,625
$  29,553,950
 
 52,439,714
$  81,993,664
 
64,242,920
   9,535,285
$    73,778,205
 
 56,518,1371
$  130,296,342
 
637,688,366
   147,798,186
$     785,486,552
 
    805,607,161

$  1,591,093,712
Recapture1
Repaid
From Credits

33,458,268
23,361,446

4,101,631
3,215,666

6,234,123
1,046,967

3,849,061
846,965

(780,275)
4,766,988

46,862,808
33,238,032
Tax Credits Expired
28,489,257
27,343,611
5,978,854
6,836,475
6,062,931
74,711,128
Qualified Investment
18,289,116,398
986,072,721
1,751,087,961
313,611,073
891,165,869
22,231,054,022
Direct Sales/Use Tax Refunds:
     Refunds on Investment
     Refunds on Aircraft
          Total Direct Refunds

552,853,979
   15,758,127
$     568,612,106

33,302,688
   6,604,992
$    39,907,680

66,159,034
   4,294,242
$     70,453,276

32,044,795
        91,276
$ 32,136,071

18,004,357
      420,222
$    18,424,579

702,364,853
    27,168,859 
$    729,533,712 
New Jobs of Qualifying Companies
78,430
2,894
4,479
1,280
1,490
88,573
Sales/Use Tax Refunds
Pending Approval at Year End
N/A
$    32,211,153
$     42,600,186
$  39,216,412
$    23,744,227
N/A

1If a company fails to maintain either the minimum employment or investment required by its agreement, one-seventh of the refunds and one-seventh of the credits used are recaptured, and one-seventh of the credit carryover at the end of the entitlement period is recaptured for each year the company is below the required levels. Through December 31, 2009, 79 projects were in recapture. $25,790,166 in repayment due has been netted from approved refund claims, and $21,072,641 plus interest has been repaid in cash. Credit carryover for companies that have reached the end of the entitlement period has been reduced by $33,238,032.