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NE
Nebraska Advantage Microenterprise Tax Credit – Farm and Agriculture
A 20% refundable state income tax credit for agricultural microenterprise owners who increase employee compensation. Farmers and livestock operators with assets exceeding $500,000 may qualify for specialty categories: meat processing, aquaculture, agritourism, fruits/herbs/vegetables/nuts, dried fruit, organic crops, nursery crops.
About this program
Visit the program website for full details.
Eligibility
Owner or part-owner of a Nebraska agricultural or food production business with five or fewer employees. Farmers and livestock operators with more than $500,000 in assets may only claim credits for specialty categories.
Requirements
- Business must have 5 or fewer full-time equivalent employees
- Owner must be actively involved in daily operations
- Standard net worth cap of $500,000 (special rules for farmers with assets over $500,000 limited to specialty categories)