summary
Introduced
01/13/2021
01/13/2021
In Committee
01/15/2021
01/15/2021
Crossed Over
Passed
Dead
04/20/2022
04/20/2022
Introduced Session
107th Legislature
Bill Summary
A BILL FOR AN ACT relating to income taxes; to amend section 77-2715.07, Revised Statutes Cumulative Supplement, 2020; to increase the earned income tax credit as prescribed; and to repeal the original section.
AI Summary
This bill proposes to increase the earned income tax credit (EITC) in the state of Nebraska. Specifically, it would gradually increase the EITC from 10% of the federal credit to 20% of the federal credit over the next few years. The EITC is a refundable tax credit that provides financial assistance to low- and moderate-income working individuals and families. The increase in the EITC is intended to provide more support to these taxpayers.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Indefinitely postponed (on 02/23/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=43662 |
| Analysis - Committee Statement | https://nebraskalegislature.gov/FloorDocs/107/PDF/CS/LB318.pdf |
| Fiscal Note for LB318 | https://nebraskalegislature.gov/FloorDocs/107/PDF/FN/LB318_20210204-062220.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/107/PDF/SI/LB318.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/107/PDF/Intro/LB318.pdf |
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