Bill > LB208

This bill makes several changes to Nebraska's tax laws, focusing on sales tax collection, confidentiality of tax information, and various tax credits. Key provisions include updating the Streamlined Sales and Use Tax Agreement to include amendments through 2024, modifying sales tax collection fees for certain sellers, and introducing new tax credits. Specifically, the bill updates provisions related to sales tax collection fees for marketplace sellers, revises confidentiality rules for tax information, and creates a new refundable child care tax credit for parents and legal guardians. The child care tax credit allows eligible parents to claim $2,000 per child if their household income is $75,000 or less, or $1,000 per child if their income is between $75,000 and $150,000, with a total annual credit limit of $15 million. Additionally, the bill updates a food donation tax credit for grocery stores, restaurants, and agricultural producers, setting an annual credit limit of $500,000, and makes various technical amendments to existing tax laws to improve administration and compliance.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=58833