2007 Nebraska Department of Revenue
Annual Report to the Nebraska Legislature
July 15, 2008

Nebraska Tax Incentives

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Cover, Letter from Tax Commissioner, and Table of Contents

NEBRASKA ADVANTAGE ACT

Reporting Requirements, Section 77-5731
Description of Benefits Available and Executive Summary
Comparison to Incentive Available in Other States
Summary of Activity
Industry Group Detail: Principal Business Activity Codes and Application Options
Projected Revenue Gains and Losses

NEBRASKA ADVANTAGE RURAL DEVELOPMENT ACT

Reporting Requirements, Section 77-27,195
Summary of Activity

NEBRASKA ADVANTAGE MICROENTERPRISE TAX CREDIT ACT

Reporting Requirement, Section 77-5907
Summary Activity

NEBRASKA ADVANTAGE RESEARCH AND DEVELOPMENT ACT

Reporting Requirement, Section 77-5807
Summary of Activity

EMPLOYMENT AND INVESTMENT GROWTH ACT

Reporting Requirements, Section 77-4110
Analysis of Active Applications and Agreements
Analysis of Active Applications and Qualified Projects
List of Active Signed Agreements
Total Investment, Employment, Credits Outstanding, and Benefits Approved
Description of Application Options
Investment, Employment, Credits Outstanding, and Benefits Approved by Type of Agreement
Industry Group Detail: Principal Business Activity Codes and Application Options
2007 Credit Activity
Cumulative Credits Outstanding
2007 Refund Claims
Cumulative Refund Claims
Investment in Qualified Property
Overview of Employment by Industry Tables
Number of Full-time Equivalent Jobs Created at the Projects
Number of People Employed in Nebraska
2007 Average Salary of New Employees
Cumulative Average Salary of New Employees
Summary of Investment, Employment, Credits Outstanding, and Benefits Approved by Year Qualification Verified
Projected Revenue Gains and Losses
2007 Personal Property Valuation Exempted
Cumulative Personal Property Valuation Exempted

QUALITY JOBS ACT (LB 829, AS AMENDED)

Reporting Requirements, Section 77-4933
2007 Qualified Activity Reported
List of Active Signed Agreements

EMPLOYMENT EXPANSION AND INVESTMENT INCENTIVE ACT (LB 1124 & LB 270, AS AMENDED)

Reporting Requirement, Section 77-27,195
2007 Qualified Activity Reported
Total Investment, Employment, Credits Outstanding, and Benefits Approved
1998-2003 Business Activity (processed in 2007)
Enterprise Zone Act
Location of Expansion

INVEST NEBRASKA ACT (LB 620)

Reporting Requirement, Section 77-5542
2007 Qualified Activity Reported
List of Active Signed Agreements