{"id":40875,"date":"2026-04-10T08:23:38","date_gmt":"2026-04-10T14:23:38","guid":{"rendered":"https:\/\/update.legislature.ne.gov\/?p=40875"},"modified":"2026-04-10T08:23:38","modified_gmt":"2026-04-10T14:23:38","slug":"incentive-program-recalculation-requirement-approved","status":"publish","type":"post","link":"https:\/\/update.legislature.ne.gov\/?p=40875","title":{"rendered":"Incentive program recalculation requirement approved"},"content":{"rendered":"<p>A measure intended to ensure that Nebraska companies do not lose certain tax incentives when they spin off part of their business operations received final approval from lawmakers April 9.<\/p>\n<figure id=\"attachment_32960\" aria-describedby=\"caption-attachment-32960\" style=\"width: 200px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"32960\" data-permalink=\"https:\/\/update.legislature.ne.gov\/?attachment_id=32960\" data-orig-file=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2023\/01\/SenVonGillern_inline.jpg\" data-orig-size=\"297,445\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;9&quot;,&quot;credit&quot;:&quot;Office of University Communicati&quot;,&quot;camera&quot;:&quot;Canon EOS R5&quot;,&quot;caption&quot;:&quot;Nebraska Senator Brad Von Gillern. District 4. November 14, 2022. Photo by Craig Chandler \/ University Communication.&quot;,&quot;created_timestamp&quot;:&quot;1668445900&quot;,&quot;copyright&quot;:&quot;\\u00a9 2022, The Board of Regents of the University of Nebraska. All rights reserved.&quot;,&quot;focal_length&quot;:&quot;105&quot;,&quot;iso&quot;:&quot;160&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"SenVonGillern_inline\" data-image-description=\"&lt;p&gt;Sen. R. Brad von Gillern&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Sen. R. Brad von Gillern&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2023\/01\/SenVonGillern_inline-200x300.jpg\" data-large-file=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2023\/01\/SenVonGillern_inline.jpg\" class=\"size-medium wp-image-32960\" src=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2023\/01\/SenVonGillern_inline-200x300.jpg\" alt=\"Sen. R. Brad von Gillern\" width=\"200\" height=\"300\" srcset=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2023\/01\/SenVonGillern_inline-200x300.jpg 200w, https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2023\/01\/SenVonGillern_inline.jpg 297w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-32960\" class=\"wp-caption-text\">Sen. R. Brad von Gillern<\/figcaption><\/figure>\n<p>LB954, sponsored by Elkhorn Sen. R. Brad von Gillern, applies to companies that have met employment and investment requirements under Tier 6 of the Nebraska Advantage Act.<\/p>\n<p>If a company sells or transfers part of its business to another entity, the state Department of Revenue is required to recalculate the company\u2019s base-year employees by subtracting the number of employees at the sold or transferred business operation from the number of base-year employees calculated prior to the sale or transfer.<\/p>\n<p>The recalculation would not be allowed if the business operations that were sold or transferred cease operations within two years after the sale or transfer or if the primary business purpose of the sale or transfer was to close a location.<\/p>\n<p>Any credits or other incentives generated prior to a sale or transfer will not be recalculated.<\/p>\n<p>LB954 applies to agreements entered into after Dec. 31, 2016.<\/p>\n<p>The bill passed on a vote of 44-3.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A measure intended to ensure that Nebraska companies do not lose certain tax incentives when they spin off part of their business operations received final approval from lawmakers April 9.<\/p>\n","protected":false},"author":1,"featured_media":36723,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[17],"tags":[288],"class_list":["post-40875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-revenue","tag-sen-r-brad-von-gillern"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2024\/07\/UpdateBlogPhoto-2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/40875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40875"}],"version-history":[{"count":1,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/40875\/revisions"}],"predecessor-version":[{"id":40876,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/40875\/revisions\/40876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/media\/36723"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}