Bill > LB1182

This bill increases the earned income tax credit (EITC) for Nebraska residents. Specifically, it increases the refundable state EITC from 10% to 20% of the federal EITC for tax years beginning on or after January 1, 2025. For tax years before 2025, the state EITC remains at 10% of the federal credit. The bill also makes technical changes to the eligibility requirements for the state EITC, aligning them with the federal credit. Overall, this measure aims to provide greater tax relief and financial support for low-income individuals and families in Nebraska through an expansion of the state's EITC.