Session Review: Revenue
The Revenue Committee advanced bills this session that cut Nebraska’s top corporate income tax rate and will exempt military retirement pay and a percentage of Social Security income from state income tax.
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Search Results for: billSearch_LB672_Regular_2021
Ethanol inputs exempted from state sales and use taxes
Lawmakers passed a bill May 20 containing several sales and use tax exemptions, including one for inputs used to manufacture ethanol.
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Tax exemption for ethanol inputs, ag machinery advances
A bill containing several sales and use tax exemptions advanced from general file April 27.
Read MoreTax exemption sought for header trailers, seed tenders
Certain agricultural machinery and equipment would not be subject to state sales and use tax under a bill heard Feb. 24 by the Revenue Committee.
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