Get Application For Certification As A Qualified Fund - Neded

Filling out the Application For Certification As A Qualified Fund - Neded is an important process for businesses seeking to secure tax credits in Nebraska. This guide provides clear and detailed instructions on how to complete the application correctly and efficiently.

Follow the steps to successfully complete your application online.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editor. This will allow you to start filling out the application.
2. Begin with Section I, where you will provide your business name and identifying information. Fill in the legal name of the fund, any trade name if different, and select the type of legal entity (e.g., Subchapter S Corporation, Partnership, etc.) along with the corresponding state of organization.
3. Complete the business address details by providing the street address, city, state, and zip code, and include a contact phone number and email address.
4. In Section II, Investment/Investors, answer whether the fund intends to make a 'Qualified Investment' in a 'Qualified Small Business' totaling at least $50,000 in a calendar year. Check 'Yes' or 'No' as applicable.
5. Next, indicate whether the fund has at least three separate investors/owners certified as 'Qualified Investors'. If 'Yes', list their names, social security numbers or EINs, and their percentage ownership in the fund. If you need more space, attach additional sheets.
6. Answer whether any investor/owner receives more than forty-nine percent of their gross annual income from a Qualified Small Business linked to the Qualified Investment. Select 'Yes' or 'No'.
7. In Section III, Tax Credits, initial the blank to confirm an understanding of the requirement to maintain any Qualified Investment in a Qualified Small Business for a three-year holding period.
8. Read through Section IV, Certifications, Representations, and Authorizations, and ensure you understand the certifications required. Your acknowledgement of these conditions is essential.
9. Sign, date, and include your name and title at the bottom of the application. Attach the required resolution or documentation evidencing your authority to apply.
10. Finally, mail the completed application along with any attachments, including a United States Citizenship Attestation Form, to the specified address provided in the instructions.

Complete your Application For Certification As A Qualified Fund - Neded online now to take advantage of Nebraska's tax credits.