Interim study to examine the impact of certain tax incentive programs currently in effect in Nebraska

109th Legislature (2025-2026) Introduced by Brad von Gillern

LR126 directs an interim study to evaluate how the Nebraska Advantage Act and ImagiNE Nebraska Act affect state revenue, growth, and future economic development policy.

Referred to Revenue Committee

LR126 — Interim study to examine the impact of certain tax incentive programs currently in effect in Nebraska

Overview

LR126 is a legislative resolution introduced in the Nebraska Legislature during the 109th Legislature, First Session. Its purpose is to authorize an interim study by the Revenue Committee to evaluate the impact of two major tax incentive programs currently in Nebraska: the Nebraska Advantage Act and the ImagiNE Nebraska Act. The study aims to assess economic and fiscal effects, as well as future policy direction for economic development.

What the bill does

designates the Revenue Committee to conduct an interim study on the listed tax incentive programs;

requires the study to evaluate how the Nebraska Advantage Act and ImagiNE Nebraska Act function, their impact on Nebraska’s economy and communities, and their influence on overall state tax receipts and budgeting;

sets forth specific study questions and topics (see “Key provisions” below);

directs the committee to report findings and recommendations to the Legislative Council or Legislature at the end of the study period.

Key provisions and study topics

The resolution specifies the following focus areas for the interim study:
1. The impact of the Nebraska Advantage Act and ImagiNE Nebraska Act on state revenue.
2. The utilization of tax credits under these acts since their passage.
3. The effectiveness of these acts in promoting growth in business, industry, and employment in Nebraska.
4. The future of a cohesive and sustainable economic development and business attraction strategy to drive growth in Nebraska.

Additionally, the Resolution authorizes the Revenue Committee to confer with:
- state agencies
- other standing committees of the Legislature
- relevant stakeholders, including representatives from the business community, economic development community, and local municipalities

Process, timeline, and reporting

The Revenue Committee is the designated body to carry out the interim study.

Upon completion, the committee shall report its findings and recommendations to the Legislative Council or the Legislature.

This is an interim, non-binding study intended to inform potential future policy decisions.

Legislative actions and status

Introduced: April 17, 2025

Referred to Executive Board: April 17, 2025

Referred to Revenue Committee: May 19, 2025

Status: Referred to Revenue Committee (as of the latest action)

Bill