Session Review: Revenue
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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Phased-in corporate tax cut, other tax measures approved
Lawmakers approved a bill May 21 that cuts Nebraska’s top corporate income tax rate by approximately one-half of 1 percent over the next two years.
Read MoreCorporate tax cut proposal amended, advanced
Lawmakers gave second-round approval May 11 to a bill that would reduce Nebraska’s top corporate income tax rate after amending it to phase in a smaller cut over two years.
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Day four bill introduction
Senators reconvened Jan. 11 to continue introduction of new bills.
Among the 51 measures introduced were:
LB213, sponsored by Albion Sen. Tom Briese, which would provide for an efficiency review of state agencies;
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