ImagiNE Nebraska is based on qualified locations. In order to be eligible for incentives, the majority of business activities conducted at a location must be within one or more of the NAICS codes listed below. However, we do have an exception. If 75% of your sales revenue is derived from customers at a location not within Nebraska, you may still qualify. To learn more, review the information below.
In order to qualify for benefits under this act, the majority of business activities conducted at a qualified location (based on # of employees) must be within one or more of the following NAICS codes:
(a) Manufacturing – 31, 32, or 33, including pre-production services;
(b) Testing Laboratories – 541380;
(c) Rail Transportation – 482;
(d) Truck Transportation – 484;
(e) Insurance Carriers – 5241;
(f) Wired Telecommunications Carriers – 517311;
(g) Wireless Telecommunications Carriers (except Satellite) – 517312;
(h) Telemarketing Bureaus and Other Contact Centers – 561422;
(i) Data Processing, Hosting, and Related Services – 518210;
(j) Computer Facilities Management Services – 541513;
(k) Warehousing and Storage – 4931;
(l) The administrative management of the taxpayer’s activities, including headquarter facilities relating to such activities, or the administrative management of any of the activities of any business entity or entities in which the taxpayer or a group of its owners hold any direct or indirect ownership interest of at least ten percent, including headquarter facilities relating to such activities;
(m) Logistics Facilities – Portions of NAICS 488210, 488310, and 488490 dealing with independently operated trucking terminals, independently operated railroad and railway terminals, and waterfront terminal and port facility operations;
(n) Services provided on aircraft brought into this state by an individual who is a resident of another state or any other person who has a business location in another state when the aircraft is not to be registered or based in this state and will not remain in this state more than ten days after the service is completed;
(o) The conducting of research, development, or testing, or any combination thereof, for scientific, agricultural, animal husbandry, food product, industrial, or technology purposes;
(p) The production of electricity by using one or more sources of renewable energy to produce electricity for sale. For purposes of this subdivision, sources of renewable energy includes, but is not limited to, wind, solar, energy storage, geothermal, hydroelectric, biomass, nuclear and transmutation of elements;
(q) Computer Systems Design and Related Services – 5415;
(r) The performance of financial services. For purposes of this subdivision, financial services includes only financial services provided by any financial institution subject to tax under Chapter 77, article 38, or any person or entity licensed by the Department of Banking and Finance or the federal Securities and Exchange Commission.
(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.
75% Export Exception
Qualified location also includes any other business location if at least seventy-five percent of the revenue derived at the location is from sales to customers which are delivered or provided from the qualified location to a location that is not within Nebraska.
To qualify under this provision, the majority of business activities (based on # of employees) cannot be comprised of these NAICS codes:
(i) Agriculture, Forestry, Fishing and Hunting – 11, excluding NAICS code 115114
(ii) Transportation and Warehousing – 48-49
(iii) Information – 51
(iv) Utilities – 22
(v) Mining, Quarrying, and Oil and Gas Extraction – 21
(vi) Public Administration – 92
(vii) Construction – 23