Nebraska Disclosure Regimes

State Year of Disclosure Law Specific Subsidy Program Affected by Law
(*Means Update to Earlier Law)		 Disclosure Law State Statute Excerpt Subsidies in Sample? (Y/N) Internal Disclosure? (Y/N) External Disclosure? (Y/N)
Nebraska 1986 Employment Expansion and investment Incentive, renamed in 2005 to Nebraska Advantage Rural Development Laws 1986, LB 1124, § 9 R.R.S. Neb. § 77-27,195 [A> (1) <A] The Tax Commissioner shall prepare a report identifying the amount of investment in this state and the number of equivalent full-time jobs created by each taxpayer claiming a credit pursuant to the Employment Expansion and Investment Incentive Act. The report shall include the amount of credits claimed in the aggregate. The report shall be issued on or before March 15 of each year beginning with March 15, 1988, for all credits allowed during the previous calendar year. N N Y
Nebraska 1990 Employment and Investment Growth 1990 Neb. LB 431 R.R.S. Neb. § 77-4110 The Tax Commissioner shall submit an annual report to the Legislature no later than March of each year.
(2) The report shall list (a) the agreements which have been signed during the previous calendar year, (b) the agreements which are still in effect, (c) the identity of each taxpayer, and (d) the location of each project.
(3) The report shall also state by industry group (a) the specific incentive options applied for under the Employment and Investment Growth Act, (b) the refunds allowed on the investment, (c) the credits earned, (d) the credits used to reduce the corporate income tax and the credits used to reduce the individual income tax, (e) the credits used to obtain sales and use tax refunds, (f) the number of jobs created, (g) the total number of employees employed in the state by the taxpayer on the last day of the calendar quarter prior to the application date and the total number of employees employed in the state by the taxpayer on subsequent reporting dates, (h) the expansion of capital investment, (i) the estimated wage levels of jobs created subsequent to the application date, (j) the total number of qualified applicants, (k) the projected future state revenue gains and losses, (l) the sales tax refunds owed to the applicants, (m) the credits outstanding, and (n) the value of personal property exempted by class in each county.
(4) No information shall be provided in the report that is protected by state or federal confidentiality laws.		 N N Y
Nebraska 1993 Enterprise Zone ENTERPRISE ZONE ACT. , 1993 Neb. LB 725 R.R.S. Neb. § 13-2114 Sec. 14. [A> WITHIN ONE HUNDRED TWENTY DAYS OF THE END OF THE THIRD YEAR FOLLOWING THE DESIGNATION OF AN AREA AS AN ENTERPRISE ZONE AND AT THE END OF EACH TWO-YEAR PERIOD THEREAFTER, THE ORIGINAL APPLYING POLITICAL SUBDIVISION SHALL FILE WITH THE DEPARTMENT A REPORT ON THE ENTERPRISE ZONE DETAILING THE STATUS OF THE ZONE ON THE QUALIFYING ECONOMIC DISTRESS CRITERIA, THE CURRENT STATUS OF ECONOMIC ACTIVITY WITHIN THE ZONE, INCLUDING THE NUMBER AD TYPE OF NEW BUSINESS ENTERPRISES WHICH HAVE LOCATED WITHIN THE ZONE AND THEIR LEVELS OF EMPLOYMENT, THE STATUS OF LOCAL EFFORTS TO CARRY OUT THE ENTERPRISE ZONE ECONOMIC DEVELOPMENT PLAN OUTLINED IN THE ORIGINAL APPLICATION, THE STATUS OF LOCAL EFFORTS TO COMPLY WITH COMMITMENTS MADE UNDER SUBDIVISION (9) AND (10) OF SECTION 13-2104, THE MEMBERSHIP AND ACTIVITIES OF THE ENTERPRISE ZONE ASSOCIATION, AND SUCH OTHER ITEMS AS THE DEPARTMENT SHALL REQUEST TO ENABLE IT TO ASSESS THE CURRENT STATUS OF THE ENTERPRISE ZONE AND TO MAKE APPROPRIATE RECOMMENDATIONS TO THE LEGISLATURE UPON THE ENTERPRISE ZONE PROGRAM AS SET OUT IN THE ENTERPRISE ZONE ACT. PRIOR TO FILING SUCH REPORT, THE APPLYING POLITICAL SUBDIVISION SHALL PROVIDE COPIES OF THE REPORT TO ITS ENTERPRISE ZONE ASSOCIATION WHICH SHALL ATTACH THERETO FOR FILING WITH THE DEPARTMENT SUCH COMMENTS OR ADDITIONAL INFORMATION OR RECOMMENDATIONS AS IT DEEMS APPROPRIATE. PRIOR TO THE COMMENCEMENT OF THE NEXT FOLLOWING LEGISLATIVE SESSION, THE DEPARTMENT SHALL FILE COPIES OF SUCH REPORTS WITH THE CLERK OF THE LEGISLATURE ALONG WITH ANY COMMENTS OR RECOMMENDATIONS IT MAY HAVE WITH REGARD THERETO OR WITH REGARD TO THE ACT. <A] N N Y
Nebraska 1995 Partnerships for Economic Development 1995 Neb. LB 144 Sec. 5. The Department of Economic Development shall submit an annual report to the Governor and Legislature on or before January 1 listing the recipients and grant amounts of grants made pursuant to the Partnerships for Economic Development Act in the previous fiscal year, the impact of the grants, and an evaluation of the program's performance based on the documented goals of the recipients. N N Y
Nebraska 1995 Quality Jobs Program 1995 Neb. LB 829 R.R.S. Neb. § 77-4933 Sec. 33. (1) The Department of Revenue Shall submit an annual report to the Legislature no later than March 15 each year. The report shall list (a) the agreements which have been signed during the previous calendar year, (b) the agreements which are still in effect, (c) the identity of each company, and (d) the location of each project.
(2) The report shall also state state by industry group (a) the amount of wage benefit credits allowed under the Quality Jobs Act, (b) the number of direct jobs created at the project, (c) the amount of direct capital investment under the act, (d) the estimated wage levels of jobs created by the companies at the projects, (e) the estimated indirect jobs and investment created on account of the projects, and (f) the projected future state and local revenue gains and losses from all revenue sources on account of the direct and indirect jobs and investment created on account of the project.		 N N Y
Nebraska 2000 Rural Economic Opportunities 2000 Neb LB 936 (1) The Tax Commissioner shall submit an annual report to the Legislature no later than June 30 of each year.
(2) The report shall state by industry group (a) the credits earned, (b) the credits used to reduce the corporate income tax and the credits used to reduce the individual income tax, (c) the number of jobs created, (d) the total number of employees employed by taxpayers at qualifying projects on the last day of the calendar quarter prior to the application date and the total number of employees employed by the taxpayers for the projects on subsequent reporting dates, (e) the expansion of capital investment, (f) the estimated wage levels of jobs created subsequent to the application date, (g) the total number of qualified applicants, (h) the projected future state revenue gains and losses, and (i) the credits outstanding.		 N N Y
Nebraska 2000 Agrigultural Opportunities and Value-Added Partnerships 2000 NEb LB 1348 R.R.S. Neb. § 2-5422 THE DEPARTMENT OF AGRICULTURE SHALL SUBMIT AN ANNUAL REPORT TO THE GOVERNOR AND THE LEGISLATURE ON OR BEFORE JANUARY 1 LISTING THE RECIPIENTS AND GRANT AMOUNTS FOR GRANTS MADE UNDER THE AGRICULTURAL OPPORTUNITIES AND VALUE-ADDED PARTNERSHIPS ACT IN THE PREVIOUS YEAR, THE DOCUMENTED AND MEASURABLE IMPACTS OF THE GRANTS, AND AN EVALUATION OF THE PERFORMANCE OF THE GRANT PROGRAM BASED ON THE MEASURABLE GOALS AND EXPECTED OUTCOMES OF THE RECIPIENTS OF SUCH GRANTS. COPIES OF THE PROGRAM PERFORMANCE EVALUATION SHALL BE MADE AVAILABLE THROUGH PRINT AND ELECTRONIC MEDIA. N N Y
Nebraska 2001 Invest Nebraska 2001 Neb. LB 620 R.R.S. Neb. § 77-5542 [A> (1) THE DEPARTMENT OF REVENUE SHALL SUBMIT AN ANNUAL REPORT TO THE LEGISLATURE NO LATER THAN MARCH 15 EACH YEAR. THE REPORT SHALL LIST (A) THE AGREEMENTS WHICH HAVE BEEN SIGNED DURING THE PREVIOUS CALENDAR YEAR, (B) THE AGREEMENTS WHICH ARE STILL IN EFFECT, (C) THE IDENTITY OF EACH COMPANY, AND (D) THE LOCATION OF EACH PROJECT. <A]
[A> (2) THE REPORT SHALL ALSO STATE BY INDUSTRY GROUP (A) THE AMOUNT OF WAGE BENEFIT CREDITS AND INVESTMENT TAX CREDITS ALLOWED UNDER THE INVEST NEBRASKA ACT, (B) THE NUMBER OF DIRECT JOBS CREATED AT THE PROJECTS, (C) THE AMOUNT OF DIRECT CAPITAL INVESTMENT UNDER THE ACT, (D) THE ESTIMATED WAGE LEVELS OF JOBS CREATED BY THE COMPANIES AT THE PROJECTS, (E) THE ESTIMATED INDIRECT JOBS AND INVESTMENT CREATED ON ACCOUNT OF THE PROJECTS, AND (F) THE PROJECTED FUTURE STATE AND LOCAL REVENUE GAINS AND LOSSES FROM ALL REVENUE SOURCES ON ACCOUNT OF THE DIRECT AND INDIRECT JOBS AND INVESTMENT CREATED ON ACCOUNT OF THE PROJECTS. <A]		 N N Y
Nebraska 2001 Nebraska Workforce Investment 2001 Neb LB 193 R.R.S. Neb. § 48-1625 THE STATE BOARD SHALL SUBMIT TO THE CHAIRPERSON AND MEMBERS OF THE BUSINESS AND LABOR COMMITTEE OF THE LEGISLATURE, THE CHAIRPERSON OF EACH OF THE STANDING COMMITTEES OF THE LEGISLATURE, THE SPEAKER OF THE LEGISLATURE, THE CLERK OF THE LEGISLATURE, THE DEPARTMENT OF HEALTH AND HUMAN SERVICES, THE DEPARTMENT OF ECONOMIC DEVELOPMENT, THE STATE DEPARTMENT OF EDUCATION, AND THE DEPARTMENT OF LABOR A COPY OF ANY RECOMMENDATIONS FOR MODIFICATION OF THE STATE PLAN AND THE ANNUAL REPORT OF THE STATE BOARD. THE ANNUAL REPORT OF THE STATE BOARD SHALL INCLUDE INFORMATION ON THE NUMBER OF INDIVIDUALS SERVED, THE STATE'S AVERAGE COST PER INDIVIDUAL RECEIVING TRAINING OR PLACEMENT SERVICES, SHORT-TERM AND LONG-TERM PERFORMANCE MEASURES OF JOB PLACEMENTS, AND TRAINING AND SKILL LEVELS OF TRAINING PARTICIPANTS. IN ORDER TO PROMOTE BETTER ACCOUNTABILITY, SUCH REPORTS SHALL CONTAIN MEASURES OF ACCOMPLISHMENT OF THE PERFORMANCE MEASURES SET FORTH AT 20 C.F.R. 666.100, AS THE REGULATION EXISTED ON THE EFFECTIVE DATE OF THIS ACT, AND SHALL USE CONSISTENT UNITS OF MEASURE IN ORDER TO PROVIDE COMPARABILITY BOTH WITHIN A SINGLE ANNUAL REPORT AND BETWEEN DIFFERENT ANNUAL REPORTS. N N Y
Nebraska 2005 Employment Expansion and investment Incentive, renamed in 2005 to Nebraska Advantage Rural Development* 2005 NEB LB 312 R.R.S. Neb. § 77-27,195 BEGINNING WITH APPLICATIONS FILED ON OR AFTER JANUARY 1, 2006, THE REPORT SHALL PROVIDE INFORMATION ON PROJECT-SPECIFIC TOTAL INCENTIVES USED EVERY TWO YEARS FOR EACH APPROVED PROJECT AND SHALL DISCLOSE (A) THE IDENTITY OF THE TAXPAYER, (B) THE LOCATION OF THE PROJECT, AND (C) THE TOTAL CREDITS USED AND REFUNDS APPROVED DURING THE IMMEDIATELY PRECEDING TWO YEARS EXPRESSED AS A SINGLE, AGGREGATED TOTAL. THE INCENTIVE INFORMATION REQUIRED TO BE REPORTED UNDER THIS SUBSECTION SHALL NOT BE REPORTED FOR THE FIRST YEAR THE TAXPAYER ATTAINS THE REQUIRED EMPLOYMENT AND INVESTMENT THRESHOLDS. THE INFORMATION ON FIRST-YEAR INCENTIVES USED SHALL BE COMBINED WITH AND REPORTED AS PART OF THE SECOND YEAR. THEREAFTER, THE INFORMATION ON INCENTIVES USED FOR SUCCEEDING YEARS SHALL BE REPORTED FOR EACH PROJECT EVERY TWO YEARS CONTAINING INFORMATION ON TWO YEARS OF CREDITS USED AND REFUNDS APPROVED. THE INCENTIVES USED SHALL INCLUDE INCENTIVES WHICH HAVE BEEN APPROVED BY THE DEPARTMENT OF REVENUE, BUT NOT NECESSARILY RECEIVED, DURING THE PREVIOUS TWO CALENDAR YEARS. N N Y
Nebraska 2005 Nebraska Advantage 2005 NEB LB 312 R.R.S. Neb. § 77-5731 The Tax Commissioner shall submit an annual report to the Legislature no later than July 15 of each year.
(2) The report shall list (a) the agreements which have been signed during the previous calendar year, (b) the agreements which are still in effect, (c) the identity of each taxpayer who is party to an agreement, and (d) the location of each project.
(3) The report shall also state, for taxpayers who are parties to agreements, by industry group (a) the specific incentive options applied for under the Nebraska Advantage Act, (b) the refunds allowed on the investment, (c) the credits earned, (d) the credits used to reduce the corporate income tax and the credits used to reduce the individual income tax, (e) the credits used to obtain sales and use tax refunds, (f) the credits used against withholding liability, (g) the number of jobs created under the act, (h) the total number of employees employed in the state on the last day of the calendar quarter prior to the application date and the total number of employees employed in the state on subsequent reporting dates, (i) the expansion of capital investment, (j) the estimated wage levels of jobs created under the act subsequent to the application date, (k) the total number of qualified applicants, (l) the projected future state revenue gains and losses, (m) the sales tax refunds owed, (n) the credits outstanding under the act, and (o) the value of personal property exempted by class in each county under the act ,		 N N Y
Nebraska 2011 Small Business Innovation 2011 Neb LB 345 R.R.S. Neb. § 81-12,142 The department shall prepare and present a report to the Legislature by December 1, 2013, on the Small Business Innovation Act that includes, but is not limited to, businesses assisted, aggregate change in sales revenue, number of jobs created, and range of newly created jobs that includes an average wage. N N Y
Nebraska 2011 Business innovation 2011 Neb LB 387 R.R.S. Neb. § 81-12,166 The department shall submit an annual report to the Governor and the Legislature on or before July 1 of each year which includes, but is not limited to, a description of the demand for financial assistance and programs under the Business Innovation Act from all geographic regions in Nebraska, a listing of the recipients and amounts of financial assistance awarded pursuant to the act in the previous fiscal year, the impact of the financial assistance, and an evaluation of the act’s performance based on the documented goals of the recipients. The department may require recipients to provide periodic performance reports to enable the department to fulfill the requirements of this section. The report shall contain no information that is protected by state or federal confidentiality laws. N N Y
Nebraska 2013 Enterprize Zone* 2013 Neb. LB 222 R.R.S. Neb. § 13-2114 The following sections are outright repealed: Section 13-2114, Reissue Revised Statutes of Nebraska, N
Nebraska 2015 Nebraska Workforce Investment* 2015 Neb. LB 334 R.R.S. Neb. § 48-1625 The following sections are outright repealed: ... R.R.S. Neb. § 48-1625 N
Nebraska 2015 The Angel Investment Tax Credit Act; The Beginning Farmer Tax Credit Act; The Nebraska Advantage Act*; The Nebraska Advantage Microenterprise Tax Credit Act; The Nebraska Advantage Research and Development Act; The Nebraska Advantage Rural Development Act; The Nebraska Job Creation and Mainstreet Revitalization Act; The New Markets Job Growth Investment Act; and Any other tax incentive program created by the Legislature for the purpose of recruitment or retention of businesses in Nebraska 2015 Neb LB 538 R.R.S. Neb. § 50-1209 Tax incentive performance audits shall be conducted by the office pursuant to this section on the following tax incentive programs:
(a) The Angel Investment Tax Credit Act;
(b) The Beginning Farmer Tax Credit Act;
(c) The Nebraska Advantage Act;
(d) The Nebraska Advantage Microenterprise Tax Credit Act;
(e) The Nebraska Advantage Research and Development Act;
(f) The Nebraska Advantage Rural Development Act;
(g) The Nebraska Job Creation and Mainstreet Revitalization Act;
(h) The New Markets Job Growth Investment Act; and
(i) Any other tax incentive program created by the Legislature for the purpose of recruitment or retention of businesses in Nebraska. In determining whether a future tax incentive program is enacted for the purpose of recruitment or retention of businesses, the office shall consider legislative intent, including legislative statements of purpose and goals, and may also consider whether the tax incentive program is promoted as a business incentive by the Department of Economic Development or other relevant state agency.
(2) The office shall develop a schedule for conducting tax incentive performance audits and shall update the schedule annually. The schedule shall ensure that each tax incentive program is reviewed at least once every three years.
(3) Each tax incentive performance audit conducted by the office pursuant to this section shall include the following:
(a) An analysis of whether the tax incentive program is meeting the following goals:
(i) Strengthening the state’s economy overall by attracting new business to the state, expanding existing businesses, increasing employment, creating high-quality jobs, and increasing business investment;
(ii) Revitalizing rural and other distressed areas of the state;
(iii) Diversifying the state’s economy and positioning Nebraska for the future by stimulating entrepreneurial, high-tech, and renewable energy firms; and
(iv) Any other program-specific goals found in the statutes for the tax incentive program being evaluated;
(b) An analysis of the economic and fiscal impacts of the tax incentive program. The analysis may take into account the following considerations in addition to other relevant factors:
(i) The extent to which the tax incentive changes business behavior;
(ii) The results of the tax incentive for the economy of Nebraska as a whole. This consideration includes both direct and indirect impacts generally and any effects on other Nebraska businesses; and
(iii) A comparison to the results of other economic development strategies with similar goals, other policies, or other incentives;
(c) An assessment of whether adequate protections are in place to ensure the fiscal impact of the tax incentive does not increase substantially beyond the state’s expectations in future years;
(d) An assessment of the fiscal impact of the tax incentive on the budgets of local governments, if applicable; and
(e) Recommendations for any changes to statutes or rules and regulations that would allow the tax incentive program to be more easily evaluated in the future, including changes to data collection, reporting, sharing of information, and clarification of goals.		 N N Y
Nebraska 2019 Imagine Nebraska 2019 NEb LB 1107 R.R.S. Neb. § 77-6837 Appears related to all Department of Economic Development programs, in accordance with GASB, but I can't find anything indicating these reports would be made available to the public:
"Beginning in 2021, the director and the Tax Commissioner shall jointly submit electronically an annual report for the previous fiscal year to the Legislature no later than October 31 of each year. The report shall be on a fiscal year, accrual basis that satisfies the requirements set by the Governmental Accounting Standards Board. The Department of Economic Development and the Department of Revenue shall together, on or before December 15 of each year, appear at a joint hearing of the Appropriations Committee of the Legislature and the Revenue Committee of the Legislature and present the report. Any supplemental information requested by three or more committee members shall be presented within thirty days after the request.
(2) The report shall list (a) the agreements which have been signed during the previous year, (b) the agreements which are still in effect, (c) the identity of each taxpayer who is party to an agreement, and (d) the qualified location or locations.
(3) The report shall also state, for taxpayers who are parties to agreements, by industry group (a) the specific incentive options applied for under the ImagiNE Nebraska Act, (b) the refunds and reductions in tax allowed on the investment, (c) the credits earned, (d) the credits used to reduce the corporate income tax and the credits used to reduce the individual income tax, (e) the credits used to obtain sales and use tax refunds, (f) the credits used against withholding liability, (g) the credits used for job training, (h) the credits used for infrastructure development, (i) the number of jobs created under the act, (j) the expansion of capital investment, (k) the estimated wage levels of jobs created under the act subsequent to the application date, (l) the total number of qualified applicants, (m) the projected future state revenue gains and losses, (n) the sales tax refunds owed, (o) the credits outstanding under the act, (p) the value of personal property exempted by class in each county under the act, (q) the total amount of the payments, (r) the amount of workforce training and infrastructure development loans issued, outstanding, repaid, and delinquent, and (s) the value of health coverage provided to employees at qualified locations during the year who are not base-year employees and who are paid the required compensation. The report shall include the estimate of the amount of sales and use tax refunds to be paid and tax credits to be used as were required for the October forecast under section 39 of this act.
(4) In estimating the projected future state revenue gains and losses, the report shall detail the methodology utilized, state the economic multipliers and industry multipliers used to determine the amount of economic growth and positive tax revenue, describe the analysis used to determine the percentage of new jobs attributable to the ImagiNE Nebraska Act, and identify limitations that are inherent in the analysis method.
(5) The report shall provide an explanation of the audit and review processes of the Department of Economic Development and the Department of Revenue, as applicable, in approving and rejecting applications or the grant of incentives and in enforcing incentive recapture. The report shall also specify the median period of time between the date of application and the date the agreement is executed for all agreements executed by December 31 of the prior year.
(6) The report shall provide information on agreement-specific total incentives used every two years for each agreement. The report shall disclose (a) the identity of the taxpayer, (b) the qualified location or locations, and (c) the total credits used and refunds approved during the immediately preceding two years expressed as a single, aggregated total. The incentive information required to be reported under this subsection shall not be reported for the first year the taxpayer attains the required employment and investment thresholds. The information on first-year incentives used shall be combined with and reported as part of the second year. Thereafter, the information on incentives used for succeeding years shall be reported for each agreement every two years containing information on two years of credits used and refunds approved. The incentives used shall include incentives which have been approved by the director or Tax Commissioner, as applicable, but not necessarily received, during the previous two years.
(7) The report shall include an executive summary which shows aggregate information for all agreements for which the information on incentives used in subsection (6) of this section is reported as follows: (a) The total incentives used by all taxpayers for agreements detailed in subsection (6) of this section during the previous two years; (b) the number of agreements; (c) the new jobs at the qualified location or locations for which credits have been granted; (d) the average compensation paid to employees in the state in the year of application and for the new jobs at the qualified location or locations; and (e) the total investment for which incentives were granted. The executive summary shall summarize the number of states which grant investment tax credits, job tax credits, sales and use tax refunds for qualified investment, and personal property tax exemptions and the investment and employment requirements under which they may be granted.
"		 N N Y