Niocorp Developments Ltd (NB)

[CritM3]

Nebraska has previously granted $100 million in tax incentives for the first 10 years of operation, and now it looks like NioCorp will get some extra help to their bottom line based on the tax scenario as reported in today’s PR as noted below:
The measures, signed into law this week by Governor Pillen, will gradually reduce the top rate for Nebraska’s top two individual tax brackets and both corporate tax brackets to 3.99% by 2027.  The current top individual rate in Nebraska is 6.64% and the top corporate rate is 7.25%.  Both of these rates were scheduled to decline to 5.84% by 2027 under a law enacted in 2022, but the new laws will significantly accelerate the reductions in rates.
7.25% - 3.99% = 3.26% reduction

June 1, 2023 https://www.niocorp.com/niocorp-applauds-pro-growth-tax-reforms-by-nebraska/

Dec 18, 2017 https://www.niocorp.com/nebraska-grants-conditional-approval-major-tax-incentives-package-niocorps-elk-creek-project/