summary
Introduced
01/10/2022
01/10/2022
In Committee
01/11/2022
01/11/2022
Crossed Over
Passed
Dead
04/20/2022
04/20/2022
Introduced Session
107th Legislature
Bill Summary
A BILL FOR AN ACT relating to revenue and taxation; to amend section 77-2715.07, Revised Statutes Supplement, 2021; to provide an income tax credit for rent paid on dwellings; and to repeal the original section.
AI Summary
This bill amends the Nebraska Revenue Act of 1967 to provide a refundable income tax credit for individuals who rent a dwelling in the state as their principal place of residence. The credit is equal to the greater of 2% of the total rent paid during the taxable year or $50, but it cannot exceed $500. The bill defines "dwelling" to include both single-family and multi-family units. This new tax credit is available for taxable years beginning on or after January 1, 2023.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Indefinitely postponed (on 02/03/2022)
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=46808 |
| Analysis - Committee Statement | https://nebraskalegislature.gov/FloorDocs/107/PDF/CS/LB926.pdf |
| Fiscal Note for LB926 | https://nebraskalegislature.gov/FloorDocs/107/PDF/FN/LB926_20220128-124038.pdf |
| Fiscal Note for LB926 | https://nebraskalegislature.gov/FloorDocs/107/PDF/FN/LB926_20220126-122314.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/107/PDF/SI/LB926.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/107/PDF/Intro/LB926.pdf |
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