Nebraska Historic Tax Credit

Nebraska Historic Tax Credits Summary

  • Applicable against income taxes of any taxpayer, insurance gross premiums taxes, and financial institutions tax.
  • May offset 100% of taxpayer’s liability.
  • Excess credits carry forward until full utilized or in 2024 when the program sunsets.
  • Credits are purchased in one year increments.
  • Credit is limited to $1,000,000.
  • There is a five-year step recapture period. Per statute recapture is the burden of the owner of the historic property at the time the recapture event occurs.  Therefore, no recapture risk is imposed on tax credit investor.