NE LB954

Amends the Nebraska Advantage Act to require the Department of Revenue to recalculate a taxpayer's base-year employees when a tier 6 project taxpayer sells or transfers a portion of business operations to an entity outside their unitary group

Recalculation involves subtracting the number of equivalent employees at the sold/transferred operations from the base-year employee count on the last Form 312N filed before the sale

Recalculation does not apply if the sold/transferred business operations cease all operations within 24 months of the transfer, or if the primary purpose of the sale was to close a location

Credits or other incentives generated prior to a qualifying sale or transfer are protected and shall not be recalculated

Applies only to Nebraska Advantage Act agreements entered into after December 31, 2016