Nebraska Advantage
Research and Development Act
Summary of Benefits Approved

Reporting Neb. Rev. Stat. § 77-5807


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The tax credit may be used:

  • To obtain a refund of state sales and use taxes paid;
  • Against the income tax liability of the taxpayer; or
  • As a refundable credit claimed on the income tax return of the taxpayer. 

Tax Credits Approved

Year

Income Tax
Credits

Sales and Use
Tax Refunds

2010 

$ 4,064,595

$ 0

20091

2,233,317

 0

20081

2,106,285

0

20071

64,166

0

2006 

0

0

Total 

$ 8,468,363

$ 0

1These years reflect changes made to the amounts reported in previous annual reports to adjust for tax credits that were distributed to shareholders but not used.

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