The Revenue Committee advanced bills this session that update the state’s tax code to reflect federal changes, expand a tax credit for volunteer emergency responders and index for inflation the thresholds used when calculating the income tax liability of Nebraskans who receive Social Security benefits.
Read MoreSenators passed a bill April 11 intended to prevent a tax increase on Nebraskans as a result of recent changes to federal tax law.
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Senators advanced a bill March 8 intended to prevent a rise in taxes on Nebraskans as a result of recent changes to federal tax law.
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The Nebraska Economic Forecasting Advisory Board voted to increase revenue projections during a Feb. 28 meeting at the Capitol. The board provides an advisory forecast of general fund receipts used by the Legislature to craft the state’s budget.
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The Revenue Committee heard testimony Feb. 7 on two bills intended to offset state revenue increases as a result of recent changes to federal tax law.
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