LINCOLN -- State lawmakers gave final approval Wednesday to a trio of economic development proposals aimed at helping entrepreneurs, inventors and small businesses.
• One, the Angel Investment Tax-Credit Act, introduced on behalf of Gov. Dave Heineman, would provide a 40-percent, refundable state income tax credit for high-risk investments of at least $25,000 in start-up businesses.
“Angel” investors are wealthy individuals, or groups of investors, who provide start-up funding for endeavors when banks and venture capital groups will not.
Several states offer similar tax breaks for angle investors, though Nebraska’s would be among the most generous because it is “refundable” -- meaning a taxpayer could get their credit regardless of whether they owed state income tax.
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