A package of tax-related proposals advanced to the final round of debate April 10 after lawmakers amended several of its provisions, including those related to special retail districts and electric vehicle charging stations.
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The Revenue Committee advanced proposals this session to cut Nebraska’s top individual and corporate income tax rates, provide additional property tax relief, create a refundable tax credit for certain parents and provide a tax credit for those who donate to organizations that grant scholarships to students to attend private school.
Read MoreA proposal that will cut Nebraska’s top individual and corporate income tax rates to 3.99 percent by tax year 2027 received final approval from lawmakers May 25.
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A proposal to cut Nebraska’s top individual and corporate income tax rates to just under 4 percent beginning with tax year 2027 advanced to the final round of debate May 11 after senators amended it to remove certain other tax benefits included on general file.
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Lawmakers gave second-round approval May 11 to a bill that would provide additional property tax relief to Nebraskans while limiting increases in the amount of property taxes public school districts may collect.
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A proposal to direct additional state funding to property tax relief while limiting the amount of property taxes public school districts could collect advanced from general file April 3 after a successful cloture motion.
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Lawmakers gave first-round approval March 30 to a proposal that would cut Nebraska’s top individual and corporate income tax rates to just under 4 percent beginning with tax year 2027.
Read MoreNebraska’s top individual and corporate income tax rates would fall to just under 4 percent over the next several years under a bill heard Feb. 2 by the Revenue Committee.
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