77-3129. Tax credit; application; contents.

287 words·~1 min read·/ne/chapter-77/77-3129

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

To receive tax credits under the Cast and Crew Nebraska Act, the production company shall submit an application to the department on a form prescribed by the department after the completion of the qualified production activity. Such application shall contain the following information:

(1)The total amount of qualifying expenditures for the qualified production activity;

(2)The production expenditure report for the qualified production activity;

(3)Documentation showing the total expenditures for the qualified production activity are greater than or equal to:

(a)Five hundred thousand dollars for a full-length film or made-for-television movie;

(b)Five hundred thousand dollars per over-the-air and streaming television programming episode; or

(c)Twenty-five thousand dollars per short-length film, documentary, animation project, or commercial;

(4)Documentation showing the total amount of individual or loan out company wages or earnings paid during the qualified production activity is five hundred thousand dollars or less;

(5)Documentation showing at least forty percent of the production days for the qualified production activity were in Nebraska and, for full-length films only, at least ten days of production were in Nebraska;

(6)Documentation showing at least forty percent of the below-the-line employees of the qualified production activity were Nebraska residents with expatriates included in the percentage but not exceeding fifteen percent of the total below-the-line employees;

(7)Documentation showing at least fifteen percent of the cast of the qualified production activity were Nebraska residents with expatriates included in the percentage;

(8)If applying for the tax credit under subdivision (3)(c)(i) of section 77-3125 , proof of Nebraska residency for all employees whose wages will be part of the calculation of such credit for the qualified production activity; and

(9)Any other information or documentation required by the department.