The LB775 Tax Incentive Program

Authors

Richard K. Perrin, University of Nebraska-LincolnFollow

ORCID IDs

Richard K. Perrin

Date of this Version

2-18-2004

Document Type

Newsletter Issue

Citation

Cornhusker Economics

Comments

Published in Cornhusker Economics, 02/18/2004. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.
http://www.agecon.unl.edu/Cornhuskereconomics.html

Abstract

Passed by the Nebraska Unicameral in 1987, LB775 is a bill that was triggered by pressure to keep ConAgra from leaving the state. It offers income tax credits, sales tax refunds and property tax exemptions to companies who make investments that meet minimum levels of investment and employment. Such projects must be approved in advance by the State Department of Revenue.