Nebraska Revises Advantage Microenterprise Tax Credit Act Guide

The Nebraska Department of Revenue revised a Nebraska Advantage Microenterprise Tax Credit Act guide. The act provides a refundable individual income tax credit to individual applicants who are actively involved in operating a microbusiness based on demonstrated growth of the business over two years. The guide includes information regarding: 1) eligibility requirements; 2) establishing an application date; 3) the worksheet for claiming credits; 4) related persons filing an application for the same microbusiness; and 5) electronically filing form 1040 N. [Neb. Dep’t of Revenue, Nebraska Advantage Microenterprise Tax Credit Act Guide, 06/01/18]

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