Employment and Investment Growth Act
Estimate of Personal Property Value Exempted

Reporting Neb. Rev. Stat. § 77-4110(3)(n)


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Property Tax Benefit:

When a company applies for LB 775 benefits under the $10 million investment and 100 FTE option, a personal property tax exemption is available on:

The Department conducts field reviews to verify that the companies have met the minimum of $10 million investment and 100 FTEs to qualify for the property tax exemption on the aircraft used in connection with the project and the following property used at the project:

The following tables show the value of personal property exempted for 2010, and cumulatively for tax years 1988-2010.


Estimate of Personal Property Value Exempted
by Class in Each County
(Tax Year 2010)

County

Airplanes

Computer
Equipment

Ag Processing
Equipment

TOTAL

Buffalo
$   8,561,306
$   1,583,987
$   0
$   10,145,293
Cheyenne
       1,433,926
       8,483,911
0
9,917,837
Dakota
   
93,850,177
93,850,177
Dixon
   
972,459
972,459
Dodge
   
18,528
18,528
Douglas
2,518,933
33,171,598
2,451,959
38,142,490
Hall
 
52,394
4,656,010
4,708,404
Knox
   
16,311,937
16,311,937
Lancaster
 
616,856
 
616,856
Lincoln
 
174,876
 
174,876
Saline
 
522,314
17,147,884
17,670,198
Sarpy
 
3,299,213
 
3,299,213
Wayne
   
28,711
28,711
TOTAL
$ 12,514,165
$ 47,905,149
$ 135,437,665
$ 195,856,979

Personal Property Exemption by County
(Tax Year 2010)

Nebraska Counties


Estimate of Personal Property Value Exempted
by Class in Each County
(Cumulative for Tax Years 1988 – 2010)

County

Airplanes

Computer
Equipment

Ag Processing
Equipment

TOTAL

Adams
$ 0
                       $ 0
$ 615,664,721
$ 615,664,721
Box Butte
                       0
102,472
                       0
102,472
Buffalo
20,791,744
8,912,197
67,563
29,771,504
Butler
                       0
41,145
                       0
41,145
Cheyenne
23,875,300
    98,360,778
                          0
122,236,078
Colfax
                       0
                       0
257,473,237
257,473,237
Cuming
0
                          0
16,263,139
16,263,139
Custer
                       0
663,100
10,194
673,294
Dakota
0
                          0
701,786,823
701,786,823
Dawes
                       0
171,909
                       0
171,909
Dawson
0
                          0
232,425,195
232,425,195
Dixon
                       0
504,272
196,324,579
196,828,851
Dodge
0
258,633
103,803,906
104,062,539
Douglas
505,116,173
2,211,580,826
705,647,680
3,422,344,679
Gage
0
62,719
1,344,011
1,406,730
Hall
6,266,267
4,005,551
140,420,079
150,691,897
Knox
0
                          0
89,226,123
89,226,123
Lancaster
34,715,020
85,973,236
242,968
120,931,224
Lincoln
0
7,366,598
48,451
7,415,049
Madison
                       0
6,943
216,617,686
216,624,629
Otoe
0
                          0
100,540,081
100,540,081
Phelps
                       0
1,539,181
                       0
1,539,181
Platte
0
9,052,197
1,194,080,190
1,203,132,387
Red Willow
                       0
                       0
37,941
37,941
Saline
0
7,773,959
303,055,980
310,829,939
Sarpy
7,911,346
93,607,361
46,793,778
148,312,485
Scotts Bluff
0
345,383
                          0
345,383
Seward
                       0
141,359
                       0
141,359
Washington
0
340,809
1,610,190,471
1,610,531,280
Wayne
                       0
117,223
262,452
379,675
York
0
366,371
0
366,371
*Central
76,497,583
                       0
                       0
76,497,583
TOTAL
$675,173,433
$2,531,294,223
$6,532,327,247
$9,738,794,903
*Additional property with value distributed throughout the state has been centrally assessed and is not reflected in the map below.

Personal Property Exemption by County
(Cumulative for Tax Years 1988 – 2010)

Nebraska Counties


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