Nebraska Nebraska Incentives Credit Computation for All Tax Years

Nebraska Incentives Credit Computation for All Tax Years
Form 3800N
RESET

Nebraska Incentives Credit Computation

FORM

for Tax Years After 2021

	For tax year beginning

	

3800N

• Attach this form to the original or amended return.
,	
and ending                        ,

	 Name	

PRINT

Social Security Number or Nebraska ID Number

	 Type of Return
		

Form 1040N	

Form 1120-SN	

Form 1120N	

Form 1041N	

Form 1065N	

Form 1120NF

	 1	Nebraska income tax liability.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 1
	2	Total nonrefundable credits (other than those on Form 3800N).  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 2	
	 3	Nebraska income tax liability after other nonrefundable credits (line 1 minus line 2).  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 3
Nonrefundable Incentive Credits
For credits that are received through distribution from another entity, also complete line 23.

	 4	Employment and Investment Growth Act (Form 775N) credit.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	4
	5	Renewable Energy Tax credit (attach Nebraska Renewable Energy Tax Credit Worksheet). .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 5
	 6	Nebraska Advantage Act (Form 312N) credit.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 6
	7	Nebraska Advantage Rural Development Act distributed credit received.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 7
	 8	Nebraska Advantage Research and Development Act distributed credit received.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 8
	 9	New Markets Tax Credit (NMTC) .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 9
	10	 Nebraska Historic Tax Credit (NHTC) (attach Nebraska Historic Tax Credit Worksheet). .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 10
	11	Nebraska Affordable Housing Tax Credit (AHTC) .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 11
	12	ImagiNE Nebraska Act (Form 1107N) credit .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 12
	13	Key Employer and Job Retention Act credit. .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	13
	14	Urban Redevelopment Act credit.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	14
	15	TOTAL Form 3800N nonrefundable credits (total of lines 4 through 14). Enter here and on Form 1040N,
		Form 1120N, Form 1041N, or Form 1120NF as appropriate. Note - Line 15 cannot exceed line 3,
		Nebraska income tax liability after other nonrefundable credits .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 15
.
Refundable Incentive Credits
	16	Nebraska Advantage Rural Development Act credit (attach Worksheet I and Worksheet II, or
		Worksheet LM and qualification letter) .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	16
	17	Nebraska Advantage Microenterprise credit (attach a claim and supporting documents) .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	17
	18	Nebraska Advantage Research and Development Act credit (attach Worksheet RD, Form 3800N)
		Enter the amount from line 22, Worksheet RD, Form 3800N here.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 18
	19	Urban Redevelopment Act credit (see instructions) .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	19
	20	 Renewable Chemical Production (RCP) credit (list certificate number)
. . . . . . . . . . .  	20
	21	 Nebraska Higher Blend Tax Credit (HBTC) (list certificate number)
.  .  .  .  .  .  .  .  .  .  .  .  . 	 21
	22	TOTAL Form 3800N refundable credits (total of lines 16 through 21). Enter here and on Form 1040N,
		Form 1120N, or Form 1041N as appropriate .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	22
Credits Received
Distributed Credits Received by Partners, Shareholders, Members, Patrons, and Beneficiaries

	23	Distributed Credits Received by Partners, Shareholders, Members, Patrons, and Beneficiaries
(A)
Name of distributing entity

(B)
Address

(C)
Project or Certificate
Number for the Credits
Received

(D)
Nebraska
ID Number

(E)
Incentive
Program

revenue.nebraska.gov, 800-742-7474 (NE and IA), 402-471-5729

(F)
Year
Credit
Earned

(G)
Amount Received

8-845-2022

Instructions
Purpose. The purposes of the Nebraska Incentives Credit Computation, Form 3800N, are to:
• Identify the incentive program for which each tax credit is claimed;
• Identify the amount of tax credits used from each program;
• Identify distributed credits;
• Identify the specific project for which the tax credits were received; and
• Distinguish between and apply refundable and nonrefundable incentive tax credits appropriately.
Who Must File. Every taxpayer must complete the Form 3800N, to use any of the credits listed on lines 4 through
21 of this form.
Note: When claiming nonrefundable credits, the credits should be used in the order listed below:
• Renewable Energy Tax credit;
• Nebraska Advantage Rural Development Act credit;
• Nebraska Advantage Research and Development Act credit;
• New Markets Tax Credit (NMTC);
• Nebraska Historic Tax Credit (NHTC);
• Nebraska Affordable Housing Tax Credit (AHTC);
• Employment and Investment Growth Act (LB 775) credit;
• Nebraska Advantage Act (LB 312) credit;
• ImagiNE Nebraska Act (LB 1107) credit;
• Key Employer and Job Retention Act credit;
• Urban Redevelopment Act (LB 544) credit;
When and Where to File. The Form 3800N must be completed and attached to the income or financial institution tax
return filed by an individual, corporation, partnership, S corporation, limited liability company, exempt cooperative,
or fiduciary for which a credit is claimed.
Partners, shareholders, members, patrons, or beneficiaries who are allowed any credits distributed by a partnership,
S corporation, limited liability company, cooperative, or fiduciary should complete lines 1 through 15 and 23. A copy
of the Nebraska Schedule K-1N filed by the partnership, S corporation, limited liability company, cooperative, or fiduciary
must be attached to the taxpayer’s Form 3800N. These credits may be used to reduce the taxpayer’s income tax liability.
Any NMTC, NHTC, AHTC, or HBTC can also be used to reduce the taxpayer’s insurance premium tax liability or
financial institutions franchise tax liability. Except for credits earned under the RCP and HBTC, credits passed through
to the taxpayer by a partnership, S corporation, limited liability company, cooperative, or fiduciary are not refundable.
Records. All claimants must retain records for at least three years after filing the tax return claiming the credit. If the
taxpayer will be carrying forward any unused credits for incentive programs which allow credits to be carried forward,
the records supporting the original credit must be kept for at least three years after filing the last return on which the
credit carryforward is used.

Specific Instructions

Line 3. Enter the result of line 1 minus line 2. If line 2 is greater than line 1, enter -0-. If line 3 is -0-, do not complete
lines 4 through 15.
Line 4. Project holders must attach Form 775N and a copy of DOR’s qualification letter. If you are claiming LB 775
credit distributed from another entity, you do not need to attach Form 775N or a copy of DOR’s qualification letter.
Line 5. Enter the total Renewable Energy Tax credit from Worksheet E, Form 3800N. Attach a copy of this worksheet.
Line 6. Enter the total Nebraska Advantage Act (Form 312N) credit (allowed by the qualification audit) which is
being used to reduce income tax liability. Attach a copy of DOR’s qualification letter. Project holders must attach
a Form 312N and a copy of DOR’s qualification letter. If you are claiming LB 312 credit distributed from another
entity, you do not need to attach either of these documents.
Line 8. Enter the amount of Nebraska Advantage Research and Development Act credits received from a partnership,
S  corporation, limited liability company, exempt cooperative, or fiduciary from Schedule A of the Form 3800N,
Worksheet RD.
Line 9. Enter the total NMTCs claimed. Taxpayers who made an investment in a Community Development Entity
(CDE) will receive NMTC information from the CDE. Taxpayers who are distributed NMTCs from a flow-through
entity will receive NMTC information from the flow-through entity.
Line 10. Enter the total NHTCs claimed on the Nebraska Historic Tax Credit Worksheet, line 6a.
Line 11. Enter the total AHTCs.

Line 12. Enter the total ImagiNE Nebraska Act (LB 1107) credit used to reduce income tax liability. Applicants with
signed ImagiNE Nebraska Act agreements must have previously filed, or must attach a completed ImagiNE Nebraska
Act Incentive Computation, Form 1107N. The DOR will not allow this credit to offset an income tax liability until
a 0.5% administrative fee is paid on the amount of credit used. The fee is computed on an ImagiNE Nebraska Act
Payment of Fees for Incentive Credit Use, Form 1107F. The Form 1107F must be filed with the DOR and the fee is to
be paid separately from the Nebraska income tax return.
Line 13. Enter the total Key Employer and Job Retention Act credit.
Line 14. Enter the credit earned under the Urban Redevelopment Act. Contact the DOR to obtain the necessary
worksheet and other documentation requirements for claiming this credit.
Line 16. Enter the total Nebraska Advantage Rural Development Act credits (allowed by the qualification audit)
for which a refund or credit is claimed. Nebraska Advantage Rural Development Act credits used by the entity
earning the credits are not limited to the amount of Nebraska income tax liability on line 3. Attach a copy of DOR’s
qualification letter. Level 1 and Level 2 projects must also attach both the Nebraska Advantage Rural Development
Act – Worksheet I and the Nebraska Advantage Rural Development Act – Worksheet II. Livestock Modernization
projects must attach the Nebraska Advantage Rural Development Act – Worksheet LM.
Line 17. Enter the total Nebraska Advantage Microenterprise Tax credits claimed. Attach a completed Nebraska
Advantage Act Microenterprise Tax Credit Act Claim, Form 3800N – Worksheet M and supporting documentation.
Line 18. Enter the amount calculated on line 22 of the Worksheet RD, Form 3800N, to be taken as a refundable credit.
Line 19. Enter any credit earned under the Urban Development Act. Contact the DOR to obtain the necessary
worksheet and other documentation requirements for claiming this credit.
Line 20. Enter any credit earned under the Renewable Chemical Production Tax Credit Act to be taken as a refundable
credit. Enter the approved certificate number.
Line 21. Enter any credit earned under the Nebraska Higher Blend Tax Credit Act to be taken as a refundable credit.
Enter of the approved certificate number.
Line 23. Credits Received Through Distribution. If you are filing Form 3800N to claim a credit distributed from
an entity (partnership, S corporation, limited liability company, cooperative, or fiduciary that distributes its income
currently) you must support that entry on line 23. Identify the entity and the type of credits received from that entity
and attach the appropriate Schedule K-1N from that entity. In column E, indicate from the list below the abbreviation
for the program under which the credits were earned.
• Employment and Investment Growth Act = 775
• Renewable Energy Tax credit = RE
• Nebraska Advantage Act = 312
• Nebraska Advantage Rural Development Act = NARDA
• Nebraska Advantage Research and Development Act = RD
• New Markets Tax Credit = NMTC
• Nebraska Historic Tax Credit = NHTC
• Nebraska Affordable Housing Tax Credit = AHTC
• ImagiNE Nebraska Act = 1107
• Key Employer and Job Retention Act = KEY
• Urban Redevelopment Act = URA
• Renewable Chemical Production Tax Credit Act = RCP
• Nebraska Higher Blend Tax Credit Act = HBTC
If you receive credits under more than one incentive program, or from more than one entity, complete a separate line
for each type of credit received and attach a separate Schedule K-1N from each entity. These credits may be used to
reduce the taxpayer’s income tax liability. Any NMTC, NHTC , or AHTC, or HBTC can also be used to reduce the
taxpayer’s insurance premium tax liability or financial institutions franchise tax liability. Except for credits earned
under the RCP and HBTC, credits passed through to the taxpayer by a partnership, S corporation, limited liability
company, cooperative, or fiduciary are not refundable.
Credits received under the Nebraska Advantage Rural Development Act, the Nebraska Advantage Research and
Development Act, the Renewable Energy Tax credit, the New Markets Tax Credit, Key Employer and Job Retention
Act, Renewable Chemical Production Act, and Nebraska Higher Blend Tax Credit Act will not have project numbers
to enter in column C. For the Nebraska Historic Tax Credit, or the Nebraska Higher Blend Tax Credit Act, enter the
certificate number in column C. For the Nebraska Advantage Act or the Employment and Investment Growth Act,
enter the project number in column C. For the ImagiNE Nebraska Act, enter the application number in column C.
For the Affordable Housing Tax Credit, enter the AHTC qualified project number in column C. Taxpayers who
receive allocated AHTCs from the project owner will receive AHTC information from the project owner. Taxpayers
who receive credits through a transfer, sale, or assignment will receive AHTC information from the transferor of the
AHTC credits.