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LB 1150

Prohibit the approval of certain applications under the ImagiNE Nebraska Act

109th Legislature (2025-2026) Introduced by Megan Hunt

LB 1150 restricts Department of Economic Development approvals for specific business applications under Nebraska's ImagiNE Act tax incentive program.

Referred to Revenue Committee
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WeVote Research Nonpartisan
Bill Summary · LB 1150

Legislative bill overview

LB 1150 would restrict the Nebraska Department of Economic Development's ability to approve certain applications under the ImagiNE Nebraska Act, a program that provides tax incentives for businesses meeting specific criteria. The bill limits which projects or applicants can receive approval under this existing economic incentive framework. This represents a narrowing of eligibility or a prohibition on specific application types previously allowed.

Why is this important

The ImagiNE Nebraska Act is a major economic development tool offering tax benefits to attract and retain businesses in the state. Restricting approvals could impact which companies receive incentives, potentially affecting job creation efforts, business location decisions, and state revenue. The outcome depends entirely on which applications are being prohibited and the stated justification.

Potential points of contention

  • Economic development strategy: Supporters may argue the restrictions target wasteful spending or undeserving projects, while opponents may contend they undermine Nebraska's competitiveness in attracting business investment
  • Specificity and scope: The bill's language about "certain applications" is vague without seeing the actual text; this could mean narrow restrictions or sweeping prohibitions affecting major categories of businesses
  • Revenue implications: Restricting tax incentives could increase state revenue but may also reduce economic activity and job growth that the program was designed to generate

Compiled from official sources — confirm details with the bill’s official record.

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