What is the ImagiNE Nebraska Act (LB1107)?

This new business tax incentive program replaces the Nebraska Advantage Act (“LB312”) effective January 1, 2021. The program aims to encourage high-wage jobs, promote investment in distressed and rural areas, simplify administrative requirements, and allow for more transparency and accountability. Highlights of LB1107 include:

  • Easier Qualified Activities & Locations Determination
  • More Inclusive Application Level Eligibility Qualifications
  • New Average Wage Requirements
  • Allowance For Extra Incentives
  • And much more!