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

This legislative resolution (LR 126) directs Nebraska's Revenue Committee to study two existing tax incentive programs: the Nebraska Advantage Act and ImagiNE Nebraska Act. The study will examine how these programs affect state revenue, how businesses use the tax credits, their effectiveness in creating jobs and business growth, and how they fit into future economic strategies. It does not change the programs but will evaluate their impact on Nebraska’s economy, budget, and communities. The committee will gather input from businesses, economic development groups, and local governments before reporting findings to the Legislature. This is a procedural study, not a policy change, with no immediate effect on tax laws.