Nebraska Statutes 77-6805. Base year, defined
Base year means the year immediately preceding the year of application, subject to the following exceptions:
Terms Used In Nebraska Statutes 77-6805
- Base year: means the year immediately preceding the year of application, subject to the following exceptions:
(1) Except as otherwise provided in subdivision (2) of this section, if the year of application is 2021, the base year is either 2019 or 2020, whichever year the applicant had the larger number of equivalent employees at the qualified location or locations. See Nebraska Statutes 77-6805
- 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 77-6810
- Qualified location: means a location at which the majority of the business activities conducted are within one or more of the following NAICS codes or the following descriptions:
(a) Manufacturing - 31, 32, or 33, including pre-production services. See Nebraska Statutes 77-6818
- Year: means calendar year. See Nebraska Statutes 77-6824
- Year of application: means the year that a completed application is filed under the ImagiNE Nebraska Act. See Nebraska Statutes 77-6825
(1) Except as otherwise provided in subdivision (2) of this section, if the year of application is 2021, the base year is either 2019 or 2020, whichever year the applicant had the larger number of equivalent employees at the qualified location or locations; and
(2) If the year of application is 2021 or 2022 and the applicant increased the number of equivalent employees at the qualified location or locations in either 2020 or 2021 in response to the COVID-19 pandemic, the base year is 2019.