Among the proposals advanced by the Revenue Committee this session is a package of bills that cut individual and corporate income tax rates, speed up the phaseout of state taxation of Social Security income and expand a program intended to offset property taxes used to fund education.
Read MoreLawmakers passed a bill April 7 that cuts individual and corporate income tax rates, speeds up the phaseout of state taxation of Social Security income and expands a program intended to offset the amount of property taxes used to fund education.
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A bill that includes proposed cuts to Nebraska’s top individual and corporate income tax rates advanced to final reading April 5 after a successful cloture motion.
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Lawmakers gave first-round approval March 30 to a proposal that would cut individual and corporate income tax rates, speed up the phaseout of state taxation of Social Security income and provide credits intended to offset the amount of property taxes paid to community colleges.
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Senators reconvened Jan. 7 to continue introduction of new bills.
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