Bill
Bill > LB1394
summary
Introduced
01/17/2024
01/17/2024
In Committee
01/18/2024
01/18/2024
Crossed Over
02/20/2024
02/20/2024
Passed
04/11/2024
04/11/2024
Dead
Signed/Enacted/Adopted
04/18/2024
04/18/2024
Introduced Session
108th Legislature
Bill Summary
A BILL FOR AN ACT relating to revenue and taxation; to amend section 77-2716, Revised Statutes Supplement, 2023; to exempt Nebraska National Guard income from state income taxation as prescribed; and to repeal the original section.
AI Summary
This bill would exempt income received by members of the Nebraska National Guard from state income taxation. Specifically, the bill would allow members to exclude 100% of income from the following sources from their state adjusted gross income: serving in a 32 U.S.C. duty status such as drills, annual training, and military schools; employment as a 32 U.S.C. federal dual-status technician with the Nebraska National Guard; and serving in a state active duty status. This change would apply to tax years beginning on or after January 1, 2025.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
DeKay explanation of vote (on 04/18/2024)
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=55590 |
| BillText | https://nebraskalegislature.gov/FloorDocs/108/PDF/Slip/LB1394.pdf |
| Cavanaugh, M. FA335 | https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA335.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/108/PDF/Final/LB1394.pdf |
| Analysis - Committee Statement | https://nebraskalegislature.gov/FloorDocs/108/PDF/CS/LB1394.pdf |
| Fiscal Note for LB1394 | https://nebraskalegislature.gov/FloorDocs/108/PDF/FN/LB1394_20240201-122526.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/108/PDF/SI/LB1394.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/108/PDF/Intro/LB1394.pdf |
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