§ 77-5542 — Report; contents; joint hearing

Nebraska § 77-5542

• Jurisdiction: Nebraska
• Ch. 77: Revenue and Taxation

Text

(1) The Department
of Revenue shall submit electronically an annual report to the Legislature
no later than July 15 each year. The report shall list (a) the agreements
which have been signed during the previous calendar year, (b) the agreements
which are still in effect, (c) the identity of each company, and (d) the location
of each project. The department
shall, on or before September 1 of each year, appear at a joint hearing of
the Appropriations Committee of the Legislature and the Revenue Committee
of the Legislature and present the report. Any supplemental information requested
by three or more committee members shall be presented within thirty days after
the request.
(2) The report shall also state by industry group (a) the amount of
wage benefit credits and investment tax credits allowed under the Invest Nebraska
Act, (b) the number of direct jobs created at the projects, (c) the amount
of direct capital investment under the act, (d) the estimated wage levels
of jobs created by the companies at the projects, (e) the estimated indirect
jobs and investment created on account of the projects, and (f) the projected
future state and local revenue gains and losses from all revenue sources on
account of the direct and indirect jobs and investment created on account
of the projects.
(3) No information shall be provided in the report that is protected
by state or federal confidentiality laws.

Legislative History

Source: Laws 2001, LB 620, § 42; Laws 2007, LB223, § 28; Laws 2012, LB782, § 144; Laws 2013, LB612, § 6.