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By Trenton Buhr
Policy assistant Center for Rural Affairs 

Small businesses have until Nov. 1 to apply for Microenterprise Tax Credit

 

October 15, 2020

TRENTON BUHR

Starting and growing a small business is hard work, but the Nebraska Advantage Microenterprise Tax Credit makes it easier by incentivizing new investments.

Designed to promote the expansion of small businesses across the state and, in doing so, strengthen our communities, the Microenterprise Tax Credit is available to businesses with five or fewer employees. About 145,000 Nebraska businesses are eligible for the credit.

If approved, applicants will receive a 20 percent tax credit on business investments for a maximum lifetime credit of $10,000. All applicants must be personally involved in...



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