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.
Read MoreIndividuals may exclude half of their military retirement benefit pay from state income tax under a bill passed by lawmakers Aug. 12.
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Gov. Pete Ricketts revealed his budgetary and legislative priorities for Nebraska during his State of the State address Jan. 15. The governor highlighted proposals to provide property tax relief and flood recovery.
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Senators gave first-round approval Jan. 13 to a bill that would allow military retirees to exclude half of their military retirement benefit pay from state income tax.
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