The Nebraska Microenterprise Tax Credit has been around since 2014 but was revamped in 2021 to be a little more generous. The refundable credit is given to individuals operating small businesses who demonstrate growth in their business. There is a maximum of $2 million per year (plus any unclaimed credit from previous years) available for the program and $20,000 available per individual or business.

To learn more about farmers' eligibility requirements for the Nebraska Microenterprise Tax Credit, read this article from the Center for Agricultural Profitability.

Read the full article