The Revenue Committee advanced bills this session that update the state’s tax code to reflect federal changes, expand a tax credit for volunteer emergency responders and index for inflation the thresholds used when calculating the income tax liability of Nebraskans who receive Social Security benefits.
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Lawmakers debated a proposal April 3 to provide income tax credits that partially offset the amount that Nebraskans pay in property taxes.
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The Revenue Committee heard testimony Jan. 25 on a bill that would provide Nebraskans with income tax credits against the amount of property taxes they pay to schools.
Read MoreSenators reconvened Jan. 4 to introduce new bills.
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