|Is expansion in the future for your business located within the State of Nebraska?|
|Nebraska passed LB 1107 ImagiNE Nebraska Act on August 17, 2020 to help businesses grow their workforce and/or invest major funds into buildings or equipment. |
This incentive program will replace the 2005 Nebraska Advantage Act which is currently in place. There is an opportunity to grandfather in under the Old Act, but you must do so by December 31, 2020. There are pros and cons to both Acts.
The new Act can provide dollars back to you in the form of wage credits, tax credits, sales tax refunds and personal property tax exemptions depending on what you qualify for.
Credits and refunds are limited each calendar year. Approval of applications and credits/refunds will be done on a first-come, first-serve basis. It may be advantageous to file applications and credit/refund claims as early as possible.
|Have you reviewed your debt structure recently?|
Interest rates are at historic lows – don’t miss this opportunity to work with your local banker on potential restructuring!
Call us at (402) 371-1160 to discuss these topics or other business needs!