Nebraska Statutes 18-2710.03. Economic development program; applicant; certification regarding tax incentives; city consider information
(1) At the time that a qualifying business applies to a city to participate in an economic development program, the qualifying business shall certify the following to the city:
Terms Used In Nebraska Statutes 18-2710.03
- City: shall mean any city of the metropolitan class, city of the primary class, city of the first class, city of the second class, or village, including any city operated under a home rule charter. See Nebraska Statutes 18-2704
- Economic development program: means any project or program utilizing funds derived from local sources of revenue for the purpose of providing direct or indirect financial assistance to a qualifying business or the payment of related costs and expenses or both, without regard to whether that business is identified at the time the project or program is initiated or is to be determined by specified means at some time in the future. See Nebraska Statutes 18-2705
- Qualifying business: means any corporation, partnership, limited liability company, or sole proprietorship which derives its principal source of income from any of the following: The manufacture of articles of commerce. See Nebraska Statutes 18-2709
(a) Whether the qualifying business has filed or intends to file an application to receive tax incentives under the Nebraska Advantage Act or the ImagiNE Nebraska Act for the same project for which the qualifying business is seeking financial assistance under the Local Option Municipal Economic Development Act;
(b) Whether such application includes or will include, as one of the tax incentives, a refund of the city’s local option sales tax revenue; and
(c) Whether such application has been approved under the Nebraska Advantage Act or the ImagiNE Nebraska Act.
(2) The city may consider the information provided under this section in determining whether to provide financial assistance to the qualifying business under the Local Option Municipal Economic Development Act.