Employment and Investment Growth Act
Summary of Benefits Approved

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

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Through December 31, 2010, there were 443 qualified projects.
Benefit
1988 - 2006
2007
2008
2009
2010
Total
Investment:
     Investment Tax Credits
     New Jobs Credits
          Total Credit Earned

1,546,476,479
    572,082,954
$  2,118,559,433

115,109,842
    34,413,435
$  149,523,277

34,339,429
  19,997,258
$  54,336,687

85,679,363
   53,592,266
$  139,271,629

114,628,560
   24,674,607
$  139,303,167

1,896,233,673
    704,760,520
$  2,600,994,193
Tax Credits Used:
     Corporate Income Tax
     Individual Income Tax
     Subtotal Income Tax
 
     Sales/Use Tax Refunds
          Total Tax Credits Used
 
521,329,949
  118,886,549
$    640,216,497
 
    651,521,424
$  1,291,737,921
 
29,654,172
   12,283,727
$    41,937,899
 
  45,127,886
$     87,065,785
 
22,461,325
   7,092,625
$  29,553,950
 
 52,439,714
$  81,993,664
 
64,242,920
   9,535,285
$    73,778,205
 
 56,518,137
$  130,296,342
 
15,110,640
     3,011,425
$    18,122,065
 
   36,861,292
$    54,983,357
 
652,799,006
   150,809,611
$     803,608,617
 
    842,468,453
$  1,646,077,069
Recapture1:
     Repaid
     From Credits

37,559,898
26,577,112

6,234,123
1,046,967

3,849,061
846,965

(780,275)
4,766,988

818,300
6,406,921

47,681,107
39,644,953
Tax Credits Expired
55,832,868
5,978,854
6,836,475
6,062,931
8,152,793
82,863,921
Tax Credits Outstanding2
744,411,532
55,431,671
(35,340,417)
(1,854,632)
69,760,097
832,408,251
Qualified Investment
19,275,189,119
1,751,087,961
313,611,073
891,165,869
1,189,095,444
23,420,149,466
Direct Sales/Use Tax Refunds:
     Refunds on Investment
     Refunds on Aircraft
          Total Direct Refunds

586,156,667
       22,363,119
$      608,519,786

66,159,034
   4,294,242
$     70,453,276

32,044,795
        91,276
$ 32,136,071

18,004,357
      420,222
$    18,424,579

18,700,113
   1,399,893
$    20,100,006

721,064,967
    28,568,751
$    749,633,718
New Jobs of Qualifying Companies
81,324
4,479
1,280
1,490
(53)
88,520
Sales/Use Tax Refunds
Pending Approval at Year End
N/A
N/A
N/A
N/A
$    35,863,330
N/A

1 If a company fails to maintain either the minimum employment or investment required by its agreement, one-seventh of the refunds and one-seventh of the credits used are recaptured, and one-seventh of the credit carryover at the end of the entitlement period is recaptured for each year the company is below the required levels. Through December 31, 2010, 87 projects were in recapture. $24,955,028 in repayment due has been netted from approved refund claims, and $22,726,079 plus interest has been repaid in cash. Credit carryover for companies that have reached the end of the entitlement period has been reduced by $39,644,953.
2Credits Outstanding = Credits Earned less Credits Used, Recapture from Credits, and Credits Expired.