Revenue Ruling 29-15-1
Nebraska Advantage Tax Incentives

 

Wage and Investment Levels for
2016 Nebraska Advantage Act Applications

December 17, 2015

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Issue

What are the required wage and investment levels for Nebraska Advantage Act applications filed on or after January 1, 2016?

Conclusion

Beginning with applications filed on or after January 1, 2016, an applicant must meet the following minimum wage and investment requirements to qualify for benefits under the Nebraska Advantage Act:

Nebraska Advantage Act
Tier
2015 Required Investment
2016 Required Investment
Tier 1
$    1 million
$1 million
Tier 2
$    3 million
$3 million
Tier 2 Large Data Center
$203 million
$200 million
Tier 4
$  12 million
$12 million
Tier 5
$  37 million
$36 million
Tier 5 Renewable Energy
$  20 million
$20 million
Tier 6
$11 million or $111 million
$10 million or $106 million
Compensation Credit
2015 Required
Annual Wage Level
2016 Required
Annual Wage Level
3%
$23,979
$24,711
4%
$29,974
$30,888
5%
$39,965
$41,184
6%
$49,956
$51,480
10%
  $58,948*
  $61,776*

*Tier 6 only, state-wide average. Wage levels for each county available here.

Nebraska Advantage Rural Development Act
2015 Required Wage Level
2016 Required Wage Level
$12.33 per hour
$12.86 per hour

Nebraska Advantage Microenterprise Tax Credit Act
2015 Maximum Wage Paid
2016 Maximum Wage Paid
$1,154 per week
$1,188 per week

APPROVED:
Len Sloup
Acting Tax Commissioner

December 17, 2015