Community Development Assistance Act (CDAA)

The Community Development Assistance Act (CDAA) authorizes the Nebraska Department of Economic Development (DED) to approve a 40% nonrefundable tax credit for contributions made by individuals and business firms to programs or projects certified for tax credit status. Tax credits under the CDAA are intended to encourage individuals and business firms to make charitable contributions to certified projects or programs that provide community assistance and services in alleviating areas of chronic economic distress in Nebraska. A community betterment organization (CBO) may apply to DED to certify a program or project for CDAA tax credits. A project or program must provide eligible services in a community development area to be eligible to be certified for tax credit status.

Tax Credit Program WHAT QUALIFIES? 1) Employment training 2) Human services 3) Medical services 4) Physical facility and neighborhood development services 5) Recreational services or activities 6) Educational services 7) Crime prevention activities, including, but not limited to: a. Instruction of any individual in the Community Development Area that enables him or her to acquire vocational skills b. Counseling and advice c. Emergency services d. Community, youth, day care, and senior citizen centers e. In-home services f. Home improvement services and programs g. Any legal enterprise which aids in the prevention or reduction of crime

Up to $50,000 per applicant per fiscal year. The total annual limit on tax credits for the state shall be $350,000 per fiscal year.

One time per fiscal year per project or program

Questions may be directed to Aj Weigman, CDAA Coordinator Nebraska Department of Economic Development 245 Fallbrook Blvd, Suite 002 Lincoln, NE 68521 Email: Aj.Weigman@nebraska.gov Tel: 402-471-3749

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) 471-3116. Resources General and Program specific AmpliFund user guides and videos can be found at https://opportunity.nebraska.gov/amplifund/