Opportunity Information
Title
2022 Nebraska Renewable Chemical Production Tax Credit Act Application (RCTCA)
Description
The Renewable Chemical Production Tax Credit Act provides tax credits to eligible businesses that produce renewable chemicals in the State of Nebraska. Tax credits in the amount of $3,000,000 will be awarded for calendar years 2022 and 2023 and tax credits in the amount of $6,000,000 will be awarded for each subsequent year. The maximum amount of tax credits that each eligible business can earn is $1,500,000 per year.
Awarding Agency Name
Nebraska Department of Economic Development
Agency Contact Name
Ethan Bell
Agency Contact Phone
402-471-3778
Agency Contact Email
ethan.bell@nebraska.gov
Fund Activity Categories
Departments
05 Incentives
Subjects
2022, Renewable Chemical Tax Credit
Opportunity Manager
Ethan Bell
Additional Users
Public Link
Is Published
Yes
Funding Information
Opportunity Funding
$1,500,000.00
Funding Sources
State
Funding Source Description
$3,000,000 per year for first two years; $6,000,000 for each year thereafter
Award Information
Award Ceiling
$3,000,000.00
Award Type
Competitive
Matching Requirement
No
Submission Information
Submission Open Date
Allow Multiple Applications
No
Other Submission Requirements
For program information: https://opportunity.nebraska.gov/program/renewable-chemical-production/
Additional Information
Additional Information URL
Additional Information URL Description
Resources:
General and Program specific user guides and videos can be found at https://opportunity.nebraska.gov/amplifund/.
Statewide Relay System:
Individuals, who are hearing and/or speech impaired and have a TTY, may contact the Department through the Statewide Relay System by calling (800) 833-7352 (TTY) or (800) 833-0920 (voice).
The relay operator should be asked to call DED at (800) 426-6505 or (402) 471-3111.