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 moreAdditional tax incentives are available for certain livestock modernization or expansion projects and other qualifying rural Nebraska businesses under a bill passed by lawmakers April 13.
Read moreA bill containing several state sales and use tax proposals, including one that increases the amount businesses receive for collecting and remitting the tax, received final approval from lawmakers April 13.
Read moreParking facilities for convention centers and arenas qualify for state turnback tax assistance under a bill passed by senators April 13.
Read moreBusinesses that employ felons may apply for a state income tax credit under a proposal passed by lawmakers April 12.
Read moreSenators passed a bill April 12 that provides a state income tax deduction to retired law enforcement officers and a full tuition waiver for other eligible officers.
Read moreA proposal to create a fund that Nebraska’s governor could use to attract and retain “high-impact” business projects or facilities stalled on select file April 11 after Speaker Mike Hilgers of Lincoln requested that lawmakers pass over it.
Read moreVoters will decide whether to allow Nebraska’s commercial service airports to enter into certain revenue-sharing contracts with airlines under a measure approved by lawmakers April 12.
Read moreNebraska educational savings plan trust accounts may be used to repay student loans under a bill passed by lawmakers April 12.
Read moreLawmakers scaled back three tax-related measures on select file April 11 to reduce a projected budget deficit at the end of the next fiscal biennium.
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The Nebraska governor could use a new fund to attract and retain “high-impact” business projects or facilities if the money likely would be a determining factor under a bill advanced from general file April 7.
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A bill that would increase the amount of tax incentives available for certain livestock modernization or expansion projects and other qualifying rural Nebraska businesses advanced from general file April 7.
Read moreLawmakers gave first-round approval April 7 to a bill that would increase the amount businesses receive for collecting and remitting state sales and use tax after amending it to include other sales tax measures considered by the Revenue Committee this session.
Read moreA bill on final reading that would create a state income tax credit for businesses that hire felons was narrowed April 7 after lawmakers voted to return it to select file.
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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