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.