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.
