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.
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Corporate tax cut, other revenue measures advanced
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.
Read MoreParity between top corporate, personal income tax rates sought
The Revenue Committee heard testimony Feb. 25 on a proposal to cut the state’s top corporate income tax rate.
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