Nebraska State Senator Jeremy Nordquist recently introduced the Nebraska Job Creation and Mainstreet Revitalization Act (LB 191), which would create a state historic rehabilitation tax credit for historic, income-producing properties in Nebraska. LB 191, which would be administered by the Nebraska State Historical Society, provides a 20 percent tax credit for rehabilitation projects that cost $10 million or less, or a 10 percent credit for projects that cost more than $10 million. The measure was referred to the Senate Revenue Committee for consideration.
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