The Microenterprise Act provides an individual actively involved in micro-businesses a refundable individual income tax credit based on demonstrated growth of the business over two tax years in an eligible area. For applications filed on or after January 1, 2014, all Nebraska counties are eligible with the exception of specific areas. The Microenterprise Act provides an individual actively involved in micro-businesses a refundable individual income tax credit based on demonstrated growth of the business over two tax years.

The Microenterprise Act has $2 million available for each calendar year through December 31, 2017 to provide tax credits to individual applicants for creating or expanding micro-businesses earn a credit equal to 20% of the increase in new investment and new employment at the micro-business in the year of application and the year after application. The total lifetime tax credits claimed by any single individual and any related persons are limited to $10,000.