Sales tax exemption for twine used in agriculture proposed
Twine used to bale hay would be exempt from state sales and use tax under a proposal heard Jan. 27 by the Revenue Committee.
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Sales tax exemption for diapers proposed
Diapers would be exempt from state sales and use tax under a bill heard Jan. 26 by the Revenue Committee.
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Session Review: Revenue
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 moreRural development tax credit increased
Additional 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 moreSales and use tax measures approved
A 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 moreTurnback tax expansion, postcard cleanup measure approved
Parking facilities for convention centers and arenas qualify for state turnback tax assistance under a bill passed by senators April 13.
Read moreTax credit for employers of felons created
Businesses that employ felons may apply for a state income tax credit under a proposal passed by lawmakers April 12.
Read moreTax deduction, tuition waiver for law enforcement officers approved
Senators 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 moreExecutive branch closing fund pulled from agenda
A 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 moreBallot measure for expanded air service approved
Voters 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 moreNEST account payments for student loans approved
Nebraska educational savings plan trust accounts may be used to repay student loans under a bill passed by lawmakers April 12.
Read moreTax proposals narrowed, advanced to final round
Lawmakers 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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Executive branch closing fund clears first round
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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Rural development tax credit increase advanced
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 moreChange to sales and use tax collection fee, other measures advanced
Lawmakers 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.
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