Change provisions relating to certain sales and use tax incentives under the ImagiNE Nebraska Act

LB 699 amends Nebraska's ImagiNE Act to adjust eligibility requirements for sales and use tax incentives. It sets three investment thresholds for businesses: $5 million with 30 new hires, $250 million with 250 new hires, or $50 million with no specific hire requirement. To qualify, businesses must pay wages at least 150% of Nebraska's statewide average hourly wage and offer health insurance coverage to full-time employees. The bill provides tax refunds on qualifying property purchases and exemptions from future sales/use taxes during the program period, subject to these new conditions. It directly affects businesses seeking to expand in Nebraska under the ImagiNE program.