LINCOLN (AP) — Nebraska companies and businesses last year signed more tax incentive agreements with the state than the previous two years combined.
The Nebraska Tax Incentives 2012 report to the Legislature said 58 companies signed agreements in 2012, nearly four times the total of 15 in 2011. There were 40 signed agreements in 2010 and 2011 combined.
State Tax Commissioner Doug Ewald said 58 was a record for the number of agreements signed since the Nebraska Advantage Act took effect in 2006.
There had been some legislative criticism about the low number of agreements versus the number of applications. In 2011, just 15 agreements were signed out of 62 applications.
“We worked pretty darn hard last year to get agreements signed,” Ewald said.
But the 2012 report didn’t include the number of applications from which the 58 agreements were gleaned. Ewald said the law doesn’t require the report to include that number.
Nine of last year’s 58 agreements proposed at least 100 new jobs would be created. None proposed at least $100 million in investment. The largest promised investment was $55.5 million by Assurity Life Insurance Co. of Lincoln.
Fifteen of the agreements were with Lincoln-based companies or companies planning to make all or some of their investments in Lincoln.
At 23, Omaha had the most tax incentive agreements in the state.