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Which startup bills will the Nebraska governor sign?
The Nebraska Legislature gave final approval Thursday to three bills of interest to the startup community. All three passed with no dissenting votes and are now awaiting the signature of Governor Pete Ricketts. LB 156, introduced by Sen. John Stinner of Gering, makes an additional $1 million in angel investment tax credits available to qualified…
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What will the new SEC rules mean for Nebraska’s crowdfunding bill?
Under the new rules, startups can raise up to $50 million from virtually anyone, although there is an investment limit of 10% of an individual’s net worth. Offerings will still need to be qualified by the SEC, a process that will be somewhat complex but still easier than requirements for an Initial Public Offering. Online…
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Nebraska crowdfunding bill LB 226: What it means for startups
Nebraska State Senator Colby Coash of Lincoln has introduced a bill, LB 226, that creates a framework for equity-based crowdfunding. The Nebraska Department of Banking & Finance would manage the program. Nebraska companies interested in using the program would be required to pay a $200 filing fee, submit documentation to be presented to prospective investors,…