Employment and Investment Growth Act
Summary of Benefits Approved

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

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Benefit
1988 - 2007
2008
2009
2010
2011
Total
Investment:
     Investment Tax Credits
     New Jobs Credits
          Total Credit Earned

1,661,586,321
    606,496,389
$2,268,082,710

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

67,079,692
   18,838,030
$85,917,722

1,963,313,365
      723,598,550
$2,686,911,915
Tax Credits Used:
     Corporate Income Tax
     Individual Income Tax
     Subtotal Income Tax
 
     Sales/Use Tax Refunds
          Total Tax Credits Used
 
550,984,121
   131,170,275
$682,154,396

    696,649,310
$1,378,803,706
 
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

   36,861,291
$54,983,356
 
15,397,184
     6,353,895
$21,751,079

   42,250,918
$64,001,997
 
668,196,190
   157,163,506
$825,359,696

      884,719,370
$1,710,079,065
Recapture1:
     Repaid
     From Credits

43,794,021
27,624,079

3,849,061
846,965

(780,275)
4,766,988

818,300
6,406,921

7,137,841
768,979

54,818,948
40,413,932
Tax Credits Expired
61,811,722
6,836,475
6,062,931
8,152,793
22,367,534
105,231,455
Tax Credits Outstanding2
799,843,203
(35,340,417)
(1,854,632)
69,760,097
(1,220,788)
831,187,463
Qualified Investment
21,026,277,080
313,611,073
891,165,869
1,189,095,444
702,582,058
24,122,731,524
Direct Sales/Use Tax Refunds:
     Refunds on Investment
     Refunds on Aircraft
          Total Direct Refunds

652,315,702
     26,657,360
$678,973,062

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

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

18,700,112
     1,399,893
$20,100,005

34,715,459
     1,539,806
$36,255,265

755,780,425
      30,108,557
$785,888,982
New Jobs of Qualifying Companies
85,803
1,280
1,490
(53)
74
88,594
Sales/Use Tax Refunds
Pending Approval at Year End
N/A
$39,216,412
$23,743,812
$35,863,331
$28,076,344
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, 2011, 91 projects were in recapture. $24,955,028 in repayment due has been netted from approved refund claims, and $29,863,920 plus interest has been repaid in cash. Credit carryover for companies that have reached the end of the entitlement period has been reduced by $40,413,932.
2Credits Outstanding = Credits Earned less Credits Used, Recapture From Credits, and Credits Expired.