The Revenue Committee advanced bills this session that would require online retailers to collect sales taxes on Nebraska transactions, create a tax credit for private school scholarship donations and provide more state aid to schools that rely on property taxes for a large portion of their funding.
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Lawmakers debated a bill May 4 that would require some online retailers to collect state sales taxes on Nebraska transactions.
Read moreThe Legislature voted May 4 to repeal a tax exemption for food sold at political events.
Read moreA bill that enables counties and cities to cooperate to build regional sewerage systems received final approval from the Legislature May 3.
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A bill that would cut the state’s top income and corporate tax rates if projected state revenue growth meets certain targets and change the way agricultural land is assessed stalled on general file May 2.
Read moreA bill that would extend levy authority for certain natural resources districts (NRDs) stalled on general file May 2.
Read moreA bill related to homestead exemptions that was amended to include provisions from several tax-related bills received final approval by the Legislature April 24.
Read moreBusinesses that make large capital investments in Nebraska can carry over unused tax credits for a much longer period under a bill passed April 24.
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The Legislature debated a bill April 21 that would change the way agricultural land is assessed and cut the state’s top income and corporate tax rates if projected state revenue growth meets certain targets.
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Food and admissions fees at political events no longer would be exempt from sales taxes under a bill advanced from general file April 20.
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The Legislature debated a bill April 18 that would direct more state aid to schools that rely on property taxes for more than 55 percent of their general fund revenue.
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Lawmakers gave first-round approval April 13 to a bill that would enable counties and cities to cooperate to build regional sewerage systems.
Read moreA bill that was amended on general file to include provisions of several tax-related bills was amended April 11 to include a bill related to how agricultural and horticultural land is assessed.
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Some online retailers would be required to collect state sales taxes on Nebraska transactions under a bill advanced from general file April 11.
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Under LB291, introduced by Sen. Tyson Larson of O’Neill, a qualified business could exclude from its income tax liability any income derived from sources within a special economic impact zone. As introduced, the bill also would have allowed businesses to exclude from sales and use taxes the first $10 million in purchases of goods or services for use within a special economic impact zone each year.
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