Business Tax & Finance Benefits in the State of Nebraska

• Sales-only formula used to calculate corporate income tax liability
• No state property tax
• No inventory tax
• No personal property tax on intangibles
• No sales tax on raw materials when used as ingredients or component parts in manufacturing operations
• No sales tax on sales of energy for processing or manufacturing purposes
• No sales tax on water used exclusively in manufacturing and processing
• No sales tax on manufacturing machinery, equipment, and related services
• Sales and use tax refunds are available on qualified air and water pollution control equipment
• Sales and use tax refunds are available on property qualifying for certain investment incentives

 

New Generation of Economic Development Incentives

 

The Nebraska Advantage package was designed to create a climate that makes Nebraska the preferred location for starting and growing your business. The Nebraska Advantage rewards businesses that invest in the state and hire Nebraskans. In this progressive, pro-business tax climate, corporate income and sales tax are reduced or virtually eliminated. Contact Holt County Economic Development for more information.

 

Nebraska Advantage is designed to benefit businesses with:

• Investment credits

• Wage credits

• Sales tax refund

• Customized job training

• State and local sales tax exemptions for purchases of manufacturing machinery, equipment and related services

• Research and development tax credits

• Microenterprise tax credits

• Inventory tax exemptions