The Community Development Assistance Act credit may be claimed by individuals or business firms that have been granted the tax credit by the Nebraska Department of Economic Development (DED). The credit is given for contributions to projects of community betterment organizations approved by the DED. Individuals, sole proprietors, corporations, partnerships, S corporations, fiduciaries, and limited liability companies (LLCs) conducting business activities may be eligible for the credit. This includes insurance companies paying the premiums tax or financial institutions paying the deposits tax
For additional information on the Community Development Assistance Act credit, please contact the Nebraska Department of Economic Development, Community and Rural Development Division, PO Box 94666, Lincoln, Nebraska 68509-4666; 402‑471‑6280; or 800-426‑6505. For more information go to neded.org. Please do not contact the Nebraska Department of Revenue.
Community Development Assistance Act