Invest Nebraska Act
Reporting Requirements


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Neb. Rev. Stat. § 77-5542 provides:

(1)  The Department of Revenue shall submit an annual report to the Legislature no later than July 15 each year.  The report shall list

(a)  the agreements which have been signed during the previous calendar year,

(b)  the agreements which are still in effect,

(c)  the identity of each company, and

(d)  the location of each project

(2)  The report shall also state by industry group

(a)  the amount of wage benefit credits and investment tax credits allowed under the Invest Nebraska Act,

(b)  the number of direct jobs created at the projects,

(c)  the amount of direct capital investment under the act,

(d)  the estimated wage levels of jobs created by the companies at the projects,

(e)  the estimated indirect jobs and investment created on account of the projects, and

(f)  the projected future state and local revenue gains and losses from all revenue sources on account of the direct and indirect jobs and investment created on account of the project.

(3)  No information shall be provided in the report that is protected by state or federal confidentiality laws.

 

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