Sales tax turnback for sports complexes advanced
Lawmakers gave first-round approval April 21 to a bill that would provide state support for cities to build sports complexes.
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Revenue
Reduced ag land valuation for school bonding advanced
A bill intended to shift the cost of school bonds away from owners of farm and ranch land advanced from general file April 21.
Read moreIncome tax credit for passthroughs modified, advanced
Lawmakers gave first-round approval April 12 to a bill that would change the way in which passthrough entities claim a refundable income tax credit under the Property Tax Incentive Act.
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Joint hearing for property tax request increases advanced
Counties, cities, school districts and community colleges seeking to increase the amount of property taxes they collect first would have to hold a joint public hearing under a bill advanced from general file April 7.
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Urban redevelopment tax incentives clear first round
Businesses that locate or expand in urban areas with high poverty and unemployment rates could receive tax incentives under a proposal advanced from the first round of debate March 23.
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State funding for rail access projects advanced
Lawmakers gave first-round approval March 23 to a bill that would require the state to provide matching funds for the development of industrial rail access business parks.
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Full tax exclusion for military retirement pay advanced
Nebraskans could exclude all of their military retirement benefit pay from state income tax under a bill that advanced from the first round of debate March 10.
Read moreBill would allow tax benefits for K-12 tuition
Nebraska educational savings plan trust accounts could be used to pay private elementary and high school tuition under a bill heard March 4 by the Revenue Committee.
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Bill would allow state to issue bonds to finish expressways
The state highway commission could issue up to $400 million in bonds over the next six years to speed completion of the state’s expressway system under a bill considered March 3 by the Revenue Committee.
Read moreMore detailed tax incentive reporting proposed
The Revenue Committee heard testimony Feb. 26 on a bill intended to increase transparency in Nebraska’s tax incentive programs.
Read moreParity between top corporate, personal income tax rates sought
The Revenue Committee heard testimony Feb. 25 on a proposal to cut the state’s top corporate income tax rate.
Read moreTax exemption sought for header trailers, seed tenders
Certain agricultural machinery and equipment would not be subject to state sales and use tax under a bill heard Feb. 24 by the Revenue Committee.
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Tax exemption sought for ethanol inputs
Certain products used to manufacture ethanol would be exempt from state sales and use tax under a bill heard Feb. 24 by the Revenue Committee.
Read moreTax exemption for residential water service considered
The Revenue Committee heard testimony Feb. 24 a proposal that would exempt residential water service from state sales and use tax.
Read moreSales tax turnback proposed for sports complexes
Cities could use state sales tax revenue to build sports complexes under a bill heard Feb. 19 by the Revenue Committee.
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