The Revenue Committee advanced bills this session creating an array of tax credits, allowing businesses to deduct certain expenses immediately and authorizing cities to use local tax revenue to pay for the development of special retail districts.
Read MoreLawmakers gave final approval April 18 to a package of tax-related measures, including one under which cities may use local tax revenue to pay for the development of special retail districts.
Read MoreA package of tax-related proposals advanced to the final round of debate April 10 after lawmakers amended several of its provisions, including those related to special retail districts and electric vehicle charging stations.
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Lawmakers gave first-round approval April 4 to another package of tax-related proposals, including one under which cities could use local tax revenue to pay for the development of special retail districts.
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A proposal intended to help Nebraskans who incur expenses when caring for a family member cleared the first round of debate March 28 after lawmakers amended it to include nearly a dozen other tax measures.
Read MoreCities could use local tax revenue to pay for the development of special districts intended to attract out-of-state visitors to new retail, entertainment and dining opportunities under a bill heard Feb. 14 by the Revenue Committee.
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The Revenue Committee advanced proposals this session to cut Nebraska’s top individual and corporate income tax rates, provide additional property tax relief, create a refundable tax credit for certain parents and provide a tax credit for those who donate to organizations that grant scholarships to students to attend private school.
Read MoreA bill that provides additional property tax relief to Nebraskans while limiting increases in the amount of property taxes public school districts may collect received final approval from lawmakers May 25.
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Lawmakers gave first-round approval May 16 to a bill amended to include more than two dozen revenue-related measures, including one intended to attract new-to-Nebraska retail businesses.
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Among the proposals advanced by the Revenue Committee this session is a package of bills that cut individual and corporate income tax rates, speed up the phaseout of state taxation of Social Security income and expand a program intended to offset property taxes used to fund education.
Read MoreThe Revenue Committee heard testimony Jan. 19 on a proposal to speed up the eventual elimination of state taxation of Social Security income and voted to advance the measure to the first round of debate.
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The Revenue Committee advanced bills this session that cut Nebraska’s top corporate income tax rate and will exempt military retirement pay and a percentage of Social Security income from state income tax.
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After two days of discussion, lawmakers gave first-round approval April 27 to a bill that includes several tax-related proposals, including a cut to Nebraska’s top corporate income tax rate.
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Nebraska voters could choose to limit annual growth in local property tax revenue to 3 percent under a proposal heard Jan. 27 by the Revenue Committee.
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The Revenue Committee this session advanced a major proposal that includes a new tax credit based on the amount of property taxes paid to a taxpayer’s school district, a new business tax incentive program and a requirement to provide matching funds for a potential project at the University of Nebraska Medical Center.
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