Nebraska Advantage Act
Benefits Approved by Industry
(2011 and Cumulative)

Reporting Neb. Rev. Stat. ยง 77-5731(3)

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2011

Benefit
Manufacturing
Non-manufacturing
Total
Tax Credits Earned:
    Investment Credits
    Compensation Credits
        Total Credits Earned
  
32,016,068
      4,072,167
$ 36,088,235
  
13,864,589
      9,388,365
$ 23,252,954
  
45,880,657
    13,460,532
$ 59,341,189

Tax Credits Used:
    Corporate Income Tax
    Individual Income Tax
        Subtotal Income Tax

    Payroll Withholding Offset
    Sales/Use Tax Refund
    Real Estate Tax Reimbursement
        Total Tax Credits Used

  
1,620,600
    1,089,568
$ 2,710,168

4,056,577
1,924,804
                    0
$ 8,691,550

  
9,319,424
       421,532
$ 9,740,956

5,162,340
400,139
                       0
$ 15,303,435

  
10,940,024
      1,511,100
$ 12,451,124

9,218,917
2,324,943
                     0
$ 23,994,985
Tax Credit Corrections
$ 0
$ 0
$ 0
Tax Credits Outstanding1
$ 27,396,685
$ 7,949,519
$ 35,346,204
Qualified Investment
$ 325,523,391
$ 140,124,852
$ 465,648,243
Direct Sales/Use Tax Refunds on Investment
$ 4,416,234
$ 1,107,647
$ 5,523,881
Sales/Use Tax Refunds Pending Approval
$ 1,924,865
$ 1,482,547
$ 3,407,412
Recapture Repaid
$ 675,496
$ 31,381
$ 706,877
Property Tax Benefits:
    Personal Property Value Exempted
    Real Property Value Exempted
  
$ 668,573,986
0

  
$ 122,510,381
0
  
$ 791,084,367
0
New Jobs at Qualifying Projects
Estimated Average Salary of New Jobs
385
$ 36,803
834
$ 40,960
1,219
$ 39,541
Employees at End of Quarter Prior to Date of Application
Employees on Most Recent Reporting Date
9,090
9,812
9,686
10,678
18,776
20,490
Number of Qualified Applicants
17
16
33

1Credits Outstanding = Credits Earned less Credits Used and Credit Correction

Cumulative (2008-2011)

This table was corrected on November 28, 2012, due to a transposition error and omission of posting adjustments.
Click here to view the corrected table.


Benefit
Manufacturing
Non-manufacturing
Total
Tax Credits Earned:
    Investment Credits
    Compensation Credits
        Total Credits Earned
  
67,441,365
    10,319,322
$ 77,760,687
  
68,851,849
    24,301,855
$ 93,153,704
  
136,293,214
      34,621,177
$ 170,914,391
Tax Credits Used:
    Corporate Income Tax
     Individual Income Tax
        Subtotal Income Tax

    Payroll Withholding Offset
    Sales/Use Tax Refund
    Real Estate Tax Reimbursement
        Total Tax Credits Used
  
2,633,166
    1,330,635
$ 3,963,801

5,710,740
2,023,499
                    0
$ 11,698,041

 
41,125,000
      1,946,165
$ 43,071,165

6,848,369
5,304,211
                    0
$ 55,223,745

  
43,758,166
      3,276,800
$ 47,034,966

12,559,109
7,327,710
                    0
$ 66,921,786
Tax Credit Corrections
$ 0
$ 0
$ 0
Tax Credits Outstanding1
$ 66,062,646
$ 37,929,959
$ 103,992,605
Qualified Investment
$ 689,316,967
$ 689,997,452
$ 1,379,314,419
Direct Sales/Use Tax Refunds on Investment
$ 8,776,745
$ 9,911,925
$ 18,688,670
Recapture Repaid
$ 697,457
$ 31,381
$ 728,838
Property Tax Benefits:
     Personal Property Value Exempted
     Real Property Value Exempted
  
$ 819,521,955
$ 0
  
$ 141,034,294
$ 0
  
$ 960,556,249
$ 0
New Jobs at Qualifying Projects
1,413
2,666
4,079
Estimated Average Salary of New Jobs
$ 38,910
$ 43,266
$ 41,757

1Credits Outstanding = Credits Earned less Credits Used and Credit Correction
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