Nebraska Advantage Act extensions approved

A bill that extends sunset dates for the Nebraska Advantage Act was passed by the Legislature April 3.

LB1067, introduced by Kearney Sen. Galen Hadley, extends the date for first claiming the credit for Tier 1 and Tier 3 projects under the Nebraska Advantage Act from Dec. 31, 2015 to Dec. 31, 2017. The date for Tier 6 projects under the Act is extended from Jan. 1, 2016 to Jan. 1, 2018.

The state Department of Revenue’s deadline to approve applications under the Nebraska Advantage Microenterprise Tax Credit Act is extended from Dec. 31, 2015 to Dec. 31, 2017.

Senators passed the bill on a 49-0 vote.