Employment Expansion and Investment Incentive Act
Business Activity Summary

Reporting Neb. Rev. Stat. ยง 77-27,195(1)


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Approved
1988-2006
Approved
in 2007
Approved
in 2008
Approved
in 2009
Total4
Investment
$ 1,702,068,720
$ 3,366,880
$   ( 3,528,258)
$  12,467,150
$ 1,714,374,492
Employees
29,5981
39
2
46
29,685
Tax Credits
Enterprise Zone Tax Credits
        Total Tax Credits
62,786,9962
       922,500 
$      63,709,496 
100,500
              0
$    100,500
8,500
    (35,500)
$         (27,000)
229,500 
               0
$        229,500
63,125,496
      887,000
$      64,012,496
Tax Credits Used:
     Income Tax
     Sales Tax
        Total Tax Credits Used

29,251,444
 22,189,248
$      51,440,692

261,372
213,682
$    475,054

9,911 
  45,9923
$          55,903  

165,260
  74,258
$       239,518

29,687,987
22,523,180
$      52,211,167
Tax Credits Recaptured:
     Income Tax
     Sales Tax
     Unused Credit from Carryover
        Total Tax Credits Recaptured
  
2,470,405
309,426
2,790,071
$        5,569,902
  
26,667
0
  63,166
$      89,833
  
72,577
0
    6,091
$            78,668
  
(409)
0
   7,001
$            6,592
  
2,569,240
309,426
2,866,329
$         5,744,995
Tax Credits Expired
$        3,187,603
$        4,488
$            11,500
$            3,331
$         3,206,922

1LB 886 which was passed in 1997 changed the definition of a new employee from a full-time employee to a full-time equivalent employee operative for tax years beginning on or after January 1, 1998. This employee number includes full-time employees for 1997 and earlier tax years, and full-time equivalent employees for 1998 and later tax years.
2Credits earned are not a multiple of $1,500 per employment credit and $1,000 per investment credit due to a settlement.
3Correction to previous Annual Report for omitted refund claims of $7,500.
4To maintain confidentiality, no 2010 information is reported.