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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Search Results for: billSearch_LB387_Regular_2021
Military retirement pay excluded from state income tax
Nebraskans may exclude all of their military retirement benefit pay from state income tax under a bill approved by lawmakers May 19.
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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.
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Full tax exclusion for military retirement income proposed
Nebraskans could exclude all of their military retirement benefit pay from state income tax under a bill heard Jan. 29 by the Revenue Committee.
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Day seven bill introduction
Senators reconvened Jan. 14 to continue introduction of new bills.
Among the 43 measures introduced were:
LB387, sponsored by Gordon Sen. Tom Brewer, which would change provisions relating to the taxation of military retirement benefits;
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