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Mixed Review for Nebraska’s Tax Incentives Program | KTIC Radio

Mixed Review for Nebraska’s Tax Incentives Program

Mixed Review for Nebraska’s Tax Incentives Program

LINCOLN, Neb. (AP) _ A new legislative review shows just nine of 78 companies receiving state tax incentives as of 2014 were new to Nebraska.

The Legislative Audit Office released an audit report Wednesday on the decade-old Nebraska Advantage Act, which is aimed at creating jobs and bringing new businesses and more financial investments to the state.

The report says the 78 businesses as of 2014 had earned nearly $736 million in benefits through the Advantage Act. The incentives are based on the dollar amount of investment in the state and number of jobs created.

The Lincoln Journal Star reports that data for all 78 businesses weren’t available, but auditors estimated that 68 of them added a nearly 3,000 full-time workers between 2008 and 2014, boosting their combined workforce by 11 percent.

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