LINCOLN, Neb. — The Nebraska unicameral is set to engage in a final round of debate today on a bill that proposes significant income tax reductions in the state.
LB 754, part of Governor Jim Pillen's Tax Relief Plan, aims to gradually decrease the top personal tax rate and corporate income tax rate to three-point-nine-nine percent by the tax year 2027.
Another tax-related proposal up for debate is LB 243, introduced by Senator Tom Briese of Albion.
NE LEG: SENATORS DEBATE PROPERTY TAX CREDIT CHANGES
This bill seeks to raise the minimum amount of relief provided under the Property Tax Credit Act from 275 million to 560 million dollars.
Updates will be posted as they become available.