Economic Incentives & Tax Credits
High impact incentives for small businesses in Nebraska
Nebraska is uniquely positioned as a state with both the capacity and capability to support businesses of any scale. Agriculture is the #1 industry in Nebraska. The Cornhusker State grows corn on more acres than any other crop in Nebraska and ranks third in the nation in production. In addition to agriculture, Nebraska also thrives in the Manufacturing, Finance and Insurance, Forestry, Fishing and Hunting sectors.
Top tax incentive programs for small and medium-sized businesses in Nebraska
Nebraska Advantage Research and Development Act (LB 312)
Businesses engaged in research and development shall be allowed a research tax credit. The credit amount under this subdivision shall equal a portion of the federal credit allowed under section 41 of the Internal Revenue Code of 1986.
Nebraska Advantage Rural Development Act
By funding projects in livestock modernization and in economically distressed areas, the act hopes to decrease unemployment, create new jobs, compete with Kansas and sunbelt states, and increase investment in rural areas.
ImagiNE Nebraska Act
ImagiNE Nebraska is a redesigned incentives portfolio created with small and large businesses in mind. Whether you are expanding your business or relocating to Nebraska, the program helps you ImagiNE the possibilities.
New Markets Job Growth Investment Act Tax Credit
The act 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.
Urban Redevelopment Act
The Urban Redevelopment Act (URA) is Nebraska’s newest tax incentive program designed to grow small businesses and generate investment in Nebraska’s urban cores.
Microenterprise Tax Credit Act Statutes
The purpose of the act is to provide tax credits to applicants for creating or expanding microbusinesses that contribute to the state's economy through the creation of new or improved income, self-employment, or other new jobs.
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Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.