Nebraska Advantage
Microenterprise Tax Credit Act
Reporting Requirements

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Neb. Rev. Stat. § 77-5907 provides:

The Tax Commissioner shall prepare a report identifying the following aggregate amounts for the previous calendar year:

(1) The amount of projected employment and investment anticipated by taxpayers receiving tentative tax credits and the tentative tax credits granted;

(2) the actual amount of employment and investment made by taxpayers that were granted tentative tax credits in the previous calendar year;

(3) the tax credits used; and

(4) the tentative tax credits that expired.

The report shall be issued on or before July 15, 2007, and each July 15 thereafter. No information shall be provided in the report that is protected by state or federal confidentiality laws.