State pauses efforts to strip companies of tax incentives with ties to China

The state has hit the pause button on efforts to strip companies of tax incentives under a get-tough-on-China law Gov. Jim Pillen pushed to passage last year.

The move came in the wake of reporting by Flatwater Free Press that revealed the widespread impact of the governor’s proposed incentives ban, with the potential to harm giant homegrown companies like Valmont, Lindsay and Werner.

The new law had raised alarm within the state’s business community, as it undercuts the tax incentives programs that have been a lynchpin of Nebraska business recruitment efforts for decades.