Estimate of Personal Property Value Exempted

When a company applies for LB 775 benefits under the $10 million investment and 100 FTE option, a personal property tax exemption is available on:

The Department conducts field reviews to verify that the companies have met the minimum of $10 million investment and 100 FTEs to qualify for the property tax exemption on the aircraft used in connection with the project and the following property used at the project:

The following tables show the value of personal property exempted for 2010, and cumulatively for tax years 1988-2010.

Estimate of Personal Property Value Exempted
by Class in Each County
(Tax Year 2010)

Personal Property Exemption by County
(Tax Year 2010)

Estimate of Personal Property Value Exempted
by Class in Each County
(Cumulative for Tax Years 1988 – 2010)

County	Airplanes	Computer Equipment	Ag Processing Equipment	TOTAL
Adams	$ 0	$ 0	$ 615,664,721	$ 615,664,721
Box Butte	0	102,472	0	102,472
Buffalo	20,791,744	8,912,197	67,563	29,771,504
Butler	0	41,145	0	41,145
Cheyenne	23,875,300	98,360,778	0	122,236,078
Colfax	0	0	257,473,237	257,473,237
Cuming	0	0	16,263,139	16,263,139
Custer	0	663,100	10,194	673,294
Dakota	0	0	701,786,823	701,786,823
Dawes	0	171,909	0	171,909
Dawson	0	0	232,425,195	232,425,195
Dixon	0	504,272	196,324,579	196,828,851
Dodge	0	258,633	103,803,906	104,062,539
Douglas	505,116,173	2,211,580,826	705,647,680	3,422,344,679
Gage	0	62,719	1,344,011	1,406,730
Hall	6,266,267	4,005,551	140,420,079	150,691,897
Knox	0	0	89,226,123	89,226,123
Lancaster	34,715,020	85,973,236	242,968	120,931,224
Lincoln	0	7,366,598	48,451	7,415,049
Madison	0	6,943	216,617,686	216,624,629
Otoe	0	0	100,540,081	100,540,081
Phelps	0	1,539,181	0	1,539,181
Platte	0	9,052,197	1,194,080,190	1,203,132,387
Red Willow	0	0	37,941	37,941
Saline	0	7,773,959	303,055,980	310,829,939
Sarpy	7,911,346	93,607,361	46,793,778	148,312,485
Scotts Bluff	0	345,383	0	345,383
Seward	0	141,359	0	141,359
Washington	0	340,809	1,610,190,471	1,610,531,280
Wayne	0	117,223	262,452	379,675
York	0	366,371	0	366,371
*Central	76,497,583	0	0	76,497,583
TOTAL	$675,173,433	$2,531,294,223	$6,532,327,247	$9,738,794,903

County	Airplanes	Computer Equipment	Ag Processing Equipment	TOTAL
Buffalo	$ 8,561,306	$ 1,583,987	$ 0	$ 10,145,293
Cheyenne	1,433,926	8,483,911	0	9,917,837
Dakota			93,850,177	93,850,177
Dixon			972,459	972,459
Dodge			18,528	18,528
Douglas	2,518,933	33,171,598	2,451,959	38,142,490
Hall		52,394	4,656,010	4,708,404
Knox			16,311,937	16,311,937
Lancaster		616,856		616,856
Lincoln		174,876		174,876
Saline		522,314	17,147,884	17,670,198
Sarpy		3,299,213		3,299,213
Wayne			28,711	28,711
TOTAL	$ 12,514,165	$ 47,905,149	$ 135,437,665	$ 195,856,979

Employment and Investment Growth Act
Estimate of Personal Property Value Exempted

Reporting Neb. Rev. Stat. § 77-4110(3)(n)

Property Tax Benefit: