Sign Up For Novogradac Industry Alert Emails

Nebraska Legislation Would Eliminate State HTC Sunset Date, Increase Credit Percentage

Tuesday, March 23, 2021 - 10:30AM

A bill introduced in the Nebraska Legislature would eliminate the sunset date for the Nebraska Job Creation and Mainstreet Revitalization Act, part of the state’s historic tax credit (HTC) incentive. L.B. 194 also adds a provision to increase the credit percentage from 20% to 25% for counties with a metropolitan or primary city and to 30% for other counties and increases the project cap to $2 million. The bill also makes other changes, including ending the prohibition of single-family detached residences. The Nebraska HTC currently has a sunset date of Dec. 31, 2022.

The 2020 Novogradac Historic Rehabilitation Handbook provides an overview of the HTC incentive, including how federal and state credits interact.

Learn more about Novogradac's expertise and many services