Fact Sheet: Nebraska Advantage Microenterprise Tax Credit

The Nebraska Advantage Microenterprise Tax Credit program is designed for and only available  to small business owners in Nebraska. It is a refundable tax credit for up to $20,000.

Are you eligible?

All applicants must be actively involved in the daily operations of the business and have five  or fewer full-time equivalent employees.

Restrictions and exemptions:

• A business owner is not eligible if certain  related individuals have already been granted the maximum credit amount.
• Farmers and livestock operators with more than $500,000 in assets may only claim for:
  • Meat processing, aquaculture, agritourism, production of fruits, herbs, trees,  vegetables, or nuts, dried fruit, organic crops, or nursery crops.

Para la versión en español de esta historia, por favor oprima aqui.