Number of new employees means the excess of the number of equivalent employees employed at the project during a year over the number of equivalent employees during the base year.

Terms Used In Nebraska Statutes 77-4919

  • Base year: means the year immediately preceding the year during which the application was submitted. See Nebraska Statutes 77-4906
  • Equivalent employees: means the number of employees computed by dividing the total hours paid in a year by the product of forty times the number of weeks in a year. See Nebraska Statutes 77-4917
  • Number of new employees: means the excess of the number of equivalent employees employed at the project during a year over the number of equivalent employees during the base year. See Nebraska Statutes 77-4919
  • Project: means a project described in the Quality Jobs Act and approved by the board. See Nebraska Statutes 77-4920
  • Year: means the taxable year of the company. See Nebraska Statutes 77-4926