Fact Sheet: Nebraska Advantage Microenterprise Tax Credit

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The Nebraska Advantage Microenterprise Tax Credit program is designed for and only available to small business owners in Nebraska. It is a refundable tax credit for up to $20,000.

Are you eligible?

All applicants must be actively involved in the daily operations of the business and have five  or fewer full-time equivalent employees.

Restrictions and exemptions:

  • A business owner is not eligible if certain related individuals have already been granted the maximum credit amount.
  • Farmers and livestock operators with more than $500,000 in assets may only claim for:
    • Meat processing, aquaculture, agritourism, production of fruits, herbs, trees,  vegetables, or nuts, dried fruit, organic crops, or nursery crops.

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