Information concerning the New Markets Job Growth Investment Tax Credit has been posted on the Department's website.

Overview

The New Markets Job Growth Investment Act (Laws 2012, LB 1128) allows individuals, corporations, estates and trusts, financial institutions, and insurance companies to claim nonrefundable, nontransferable tax credits for an investment in a qualified community development entity (CDE). The credits may be used against income tax, the premium tax imposed on insurance companies, or the franchise tax imposed on financial institutions.