Employment Expansion and Investment Incentive Act
Business Activity Summary

Reporting Neb. Rev. Stat. ยง 77-27,195(1)

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Approved
1988-2005
Approved
in 2006
Approved
in 2007
Approved
in 2008
Approved
in 2009
Total
Investment
$1,692,547,751
$9,520,969
$3,366,880
($3,528,258)
$12,467,150
$ 1,714,374,492
Employees
29,5241
74
39
2
46
29,685
Tax Credits
Enterprise Zone Tax Credits
        Total Tax Credits
62,555,9962
       922,500
$      63,478,496
231,000
              0
$    231,000
100,500
              0
$   100,500
8,500 
    (35,500)
($      27,000)
229,500
              0
$      229,500
63,125,496
      887,000
$      64,012,496
Tax Credits Used:
     Income Tax
     Sales Tax
        Total Tax Credits Used

29,118,613
 21,717,588
$      50,836,201

132,831
471,660
$    604,491

261,372
 213,682
$   475,054

9,911
  38,492
$        48,403

165,260
    74,258
$      239,518

29,687,987
22,515,680
$      52,203,667
Tax Credits Recaptured:
     Income Tax
     Sales Tax
     Unused Credit from Carryover
        Total Tax Credits Recaptured
  
2,451,672
309,426
2,767,307
$        5,528,405
  
18,733
0
22,764
$      41,497
  
26,667
0
63,166
$      89,833
  
72,577
0
   6,091
$        78,668
  
(409)
0
7,001
$           6,592
  
2,569,240
309,426
2,866,329
$         5,744,995
Tax Credits Expired
$        1,043,279
$ 2,144,324
$        4,488
$        11,500
$           3,331
$         3,206,922

1 LB886 which was passed in 1997 changed the definition of a new employee from a full-time employee to a full-time equivalent employee operative for tax years beginning on or after January 1, 1998. This employee number includes full-time employees for 1997 and earlier tax years and full-time equivalent employees for 1998 and later tax years.
2Credits earned are not a multiple of $1,500 per employment credit and $1,000 per investment credit due to a settlement.