Bill > LB1165

This bill modifies several existing Nebraska laws to provide incentives for businesses to retain or attract employees, particularly in cases of ownership changes. It amends the Key Employer and Jobs Retention Act to clarify what constitutes a "change in ownership and control" for large employers, including mergers with out-of-state entities under specific conditions, and adjusts the wage retention credit limits and priority for such employers. The ImagiNE Nebraska Act, which provides tax credits for business investment and job creation, also sees changes, including increased credit percentages for certain employers that meet specific hiring and wage criteria, especially those experiencing a change in ownership and control. Additionally, the Site and Building Development Act is updated to allow for capital improvement grants to key employers undergoing a change of ownership and control, specifically to support efforts in retaining or hiring employees within the state, and a new grant program is established under the Department of Labor to offer additional support to these employers to help them retain or attract their workforce.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=63187