Major Legislative Changes

Summaries of the major legislation affecting the ImagiNE Act in each legislative session each year.

2023 Nebraska Legislative Changes

(LB727) Change provisions relating to qualified locations under the ImagiNE Nebraska Act | Operative Date: 06/06/2023
Adds the following qualified business activity to ImagiNE:
(u) Waste Treatment and Disposal – 5622.

2022 Nebraska Legislative Changes 

(LB1150) Change provisions relating to the ImagiNE Nebraska Act, the Nebraska Advantage Act, tax reporting requirements, and sales and use tax refund deductions | Operative Date: 04/19/2022

Allows ImagiNE applicants in 2021 or 2022 to request the base year be 2019 if the applicant increased the number of equivalent employees at the qualified location or locations in either 2020 or 2021 in response to the COVID-19 pandemic.
Requires taxpayer to provide the most recent taxable valuations and levy rates for all qualified locations.
If ImagiNE credits are used for job training, requires taxpayer to provide a program schedule for job training activities
If ImagiNE credits are used for talent recruitment, requires taxpayer to provide the city and state where recruited employees lived when the talent recruitment activities took place.
Allows employees who work both at a qualified location and also perform services for the taxpayer at the employee’s Nebraska residence to be considered employees at the qualified location.

 

2021 Nebraska Legislative Changes 

(LB18) Change provisions relating to equivalent employees and qualified locations under the ImagiNE Nebraska Act | Operative Date: 05/27/2021 

Allows non-Nebraska residents to count toward new employment and adds the following qualified business activities to ImagiNE: 

(s) Postharvest Crop Activities (except Cotton Ginning) – 115114 

(t) The processing of tangible personal property. For purposes of this subdivision, processing means to subject to a particular method, system, or technique of preparation, handling, or other treatment designed to prepare tangible personal property for market, manufacture, or other commercial use which does not result in the transformation of such property into a substantially different character. 

Excludes NAICS code 115114 as a disqualifying activity under agriculture for the 75% export exception qualification method. 

Applies to all ImagiNE Nebraska Act agreements. 

 

(LB84) Redefine terms relating to tax incentive performance audits and the ImagiNE Nebraska Act | Operative Date: 08/27/2021 

Nuclear energy is added as a renewable energy source in the ImagiNE Nebraska Act. 

Applies to all ImagiNE Nebraska Act agreements.

What's Next?

How To Use Your Incentives