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Business Climate
Falls City is business-friendly. Employers enjoy unsurpassed public-private cooperation. Falls City Economic Development and Growth Enterprise (EDGE) and the City are committed to making Falls City one of the most competitive business locations in the Midwest. Businesses relocating or expanding in Falls City may be eligible for specific tax and financial incentives offered by the State of Nebraska. EDGE can assist you with identifying and understanding the programs that best meet your company’s growth needs and guide you through the financial assistance application process.
“AirLanco enjoys a very positive working relationship with EDGE and the City of Falls City. They have worked closely with our company to address our growth needs. The new welder training program designed in collaboration with area employers is just one of the many ways the community has demonstrated their commitment to helping businesses grow and expand in Falls City.“
 -Ron Krebs
President
AirLanco
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Corporate Income Tax
The State of Nebraska utilizes a “sales only” corporate income tax formula. The Nebraska corporate income tax rates are based on federal tax income attributable to Nebraska operations. Under the sales-only formula, a corporation's taxable income is equal to the ratio of Nebraska sales to total U.S. sales times adjusted federal taxable income. The sales-only formula is advantageous for multi-state unitary firms that sell products and services outside of Nebraska while having significant property and payroll within the state.
Tax Benefits
No state property tax
No inventory tax
No personal property tax on intangibles
No sales tax on raw materials when used as ingredients or component parts in manufacturing operations
No sales tax on sales of energy for processing or manufacturing purposes
No sales tax on water used exclusively in manufacturing and processing
No sales tax on qualified agricultural machinery and equipment
No sales tax on manufacturing machinery, equipment, and related services
Sales and use tax refunds are available on qualified air and water pollution control equipment
Sales and use tax refunds are available on property qualifying for certain investment incentives
Business Incentives
 The Nebraska Advantage package of business development incentives provides an array of tax saving advantages, customized training assistance and business assistance programs to attract and retain business and industry.
Components of the Nebraska Advantage Package include:
For information on other Nebraska financial assistance tools, visit the Nebraska Department of Economic Development’s website.
Regional Financial Assistance Programs
The Southeast Nebraska Development District operates two loan pools:
- Intermediary Relending Program or IRP-RLF has a maximum loan limit of $150,000 or 75% of the total project costs. Maximum term is 15 years with job creation required.
- Rural Business Enterprise Grant or RBEG-RLF has a maximum loan limit of $35,000, a 10 year maximum term and a requirement of job creation to be eligible.
- Both funds give priority to fixed asset financing.
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