Angel Investment Tax Credit
(line 35, page 11)

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Beginning with tax year 2011, individuals, trusts, or pass-through entities are eligible for a refundable income tax credit equal to 35% of an investment in an eligible Nebraska business, unless the investment was in a distressed area, in which case the credit was 40%. LB 217 (2017) removed the reference to distressed area and the differentiation in credit amount so the credit is always 40%. An individual, trust, or pass-through entity and an eligible business must both be certified by the Nebraska Department of Economic Development for an investment to be eligible for the tax credit. Additional information can be found at the Nebraska Department of Economic Development website.