Official Nebraska Government Website

Nebraska Advantage Rural Development Act
(LB 608, as amended by LB 312)

  1. Level 1 applications may only be filed for tax years beginning on or after January 1, 2006.
     
  2. Livestock Modernization projects may only file applications on or after January 1, 2007.

The Nebraska Advantage Rural Development Act has $3,000,000 available for the State of Nebraska’s fiscal year ending June 30.  All funds for the fiscal year ending June 30, 2009 have been requested.  The application’s requested benefits are applied against the fiscal year including the expected end of the application year. 

All future applications filed with an application year ending within the State of Nebraska's fiscal year June 30, 2009 will be denied.

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Worksheet 1
 
Worksheet 2
    2004 or 2005 Applications
    2006 or Later Applications
 
Worksheet LM
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The application date is the last day on which information necessary to complete the application is filed. The base year from which investment and employment growth is calculated will change when an incomplete application filed near the end of a tax year is not completed until after the start of the following year. The department will contact the applicant within fifteen business days of the receipt of an application if additional information is required (see Revenue Ruling 29-03-1).

EXAMPLE: An application is filed December 13, 2006 that is not complete. The additional information is not provided until January 4, 2007. The applicant's tax year end is December 31, 2006. The increases will be measured against the 2006 levels of employment and investment rather than the 2005 levels because the date of the application was January 4, 2007.

If you have any questions regarding this or any of the other Nebraska incentive programs, please contact Mary Hugo at (402) 471-5790 or Mary.Hugo@nebraska.gov. Applications should be sent to the following address:

      Mary Hugo
      Nebraska Department of Revenue
      301 Centennial Mall South
      PO Box 94818
      Lincoln, NE 68509-4818

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