Analysis of Nebraska Advantage
Microenterprise Tax Credit Act

Reporting Neb. Rev. Stat. § 77-5907

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Analysis Based on Application Estimates

Application
Year
Projected
Investment
Projected
Compensation
Tax Credits
Authorized
2010
$ 14,440,291
$ 10,780,605
$ 2,000,000
2009
 12,445,038
 12,383,582
 2,000,000
2008
26,494,484
7,882,647
2,000,000
2007
14,352,643
3,403,376
2,000,000
2006
16,104,723
14,075,040
2,000,000
Total
$ 83,837,179
$ 48,525,250
$ 10,000,000

Business Activity through 2010

Application
Year
Actual
Investment
Actual
Compensation
Tax Credits
Used
Tax Credits
Expired1
2009
$ 8,518,430
$ 9,803,399
$ 1,087,160
$ 0
2008
 31,594,472
 7,175,352
 1,633,353
 0
2007
17,529,894
3,846,107
1,724,0782
0
2006
16,325,229
15,065,667
1,849,3862
0
Total
$ 73,968,025
$ 35,890,525
$ 6,293,977
$ 0

1Taxpayers who applied in 2006 were allowed tax years 2006 and 2007 to qualify for benefits.  Amendments to 2007 individual tax returns were permitted until April 15, 2011, so no credits were expired as of December 31, 2010.
2Correction to previous Annual Report due to audit adjustments.