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NE LB1191
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Robert Hallstrom
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AI Summary
- Extends the deadline for tier 6 projects (submitted and approved on or after December 1, 2020) to meet required employment and investment levels from six years to nine years after the application year
- Maintains the existing six-year deadline for tier 2, tier 4, and tier 5 projects, and the four-year deadline for tier 1, tier 3, and pre-December 2020 tier 6 projects
- Requires taxpayers with existing tier 6 agreements who want to take advantage of the extended timeline to make a one-time election and pay a $90,000 fee within a period prescribed by the Tax Commissioner
- Amends sections 77-5723 and 77-5735 of the Revised Statutes Cumulative Supplement, 2024
Legislative Description
Change provisions relating to certain employment and investment requirements under the Nebraska Advantage Act
Last Action
Placed on General File
2/23/2026
Committee Referrals
Revenue1/23/2026
Full Bill Text
No bill text available