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 income taxes; to amend section 77-2715.07, Revised Statutes Supplement, 2021; to increase the earned income tax credit as prescribed; and to repeal the original section.
AI Summary
This bill increases the earned income tax credit (EITC) for Nebraska residents. Specifically, it increases the EITC from 10% to 17% of the federal EITC for tax years beginning on or after January 1, 2023. This refundable tax credit, which is available to low- and moderate-income individuals and families, helps offset the cost of Social Security taxes and provides additional support. The bill also makes some technical changes to the existing EITC provisions.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Indefinitely postponed (on 02/28/2022)
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=47424 |
| Analysis - Committee Statement | https://nebraskalegislature.gov/FloorDocs/107/PDF/CS/LB951.pdf |
| Fiscal Note for LB951 | https://nebraskalegislature.gov/FloorDocs/107/PDF/FN/LB951_20220127-122358.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/107/PDF/SI/LB951.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/107/PDF/Intro/LB951.pdf |
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