summary
Introduced
01/19/2022
01/19/2022
In Committee
01/21/2022
01/21/2022
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 77-2715.03, Reissue Revised Statutes of Nebraska, and section 77-2716, Revised Statutes Supplement, 2021; to change individual income tax brackets as prescribed; to harmonize provisions; and to repeal the original sections.
AI Summary
This bill changes individual income tax brackets in Nebraska. Specifically, it establishes new income tax brackets and rates for taxable years beginning on or after January 1, 2022, and requires the Tax Commissioner to adjust those brackets annually for inflation. The bill also makes various other adjustments to the calculation of individual income tax, such as changes to the treatment of military retirement benefits and Social Security benefits.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Indefinitely postponed (on 04/20/2022)
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=47746 |
| Fiscal Note for LB1180 | https://nebraskalegislature.gov/FloorDocs/107/PDF/FN/LB1180_20220216-120049.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/107/PDF/SI/LB1180.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/107/PDF/Intro/LB1180.pdf |
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