Nebraska LB954 amends the Nebraska Advantage Act to recalculate base-year employees for taxpayers selling business operations.

Nebraska LB954 amends the Nebraska Advantage Act to allow for the recalculation of base-year employees when a taxpayer sells a portion of their business operations. This recalculation applies if the sold operations cease within 24 months or if the sale's primary purpose was to close a location. Credits or incentives generated before the sale are not recalculated. This amendment applies to agreements entered into after December 31, 2016.

Nebraska LB954 amends the Nebraska Advantage Act to recalculate base-year employees for taxpayers selling business operations.

Nebraska LB954 amends the Nebraska Advantage Act to allow for the recalculation of base-year employees when a taxpayer sells a portion of their business operations. This recalculation applies if the sold operations cease within 24 months or if the sale's primary purpose was to close a location. Credits or incentives generated before the sale are not recalculated. This amendment applies to agreements entered into after December 31, 2016.