Change provisions relating to certain employment and investment requirements under the Nebraska Advantage Act

LB 1191 amends Nebraska's Advantage Act to adjust deadlines for meeting employment and investment targets for qualifying business projects. It changes the required timeline from four years to six years after application for most project tiers (excluding certain tier 6 projects and data centers), while maintaining tiered application fees ($1,000-$10,000) based on project size. The bill also requires annual updates to the Department of Revenue on project progress and harmonizes existing provisions. This directly affects businesses seeking Nebraska Advantage Act incentives by extending compliance deadlines and clarifying fee structures. The bill is pending before the Revenue Committee as of January 2026.