Bill
Bill > LB853
summary
Introduced
01/08/2026
01/08/2026
In Committee
01/12/2026
01/12/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to revenue and taxation; to amend section 77-2716, Revised Statutes Supplement, 2025; to provide an income tax adjustment related to certain federal tax deductions; and to repeal the original section.
AI Summary
This bill amends Nebraska tax law to adjust state income taxes based on certain federal tax deductions, specifically by adding back depreciation deductions for "qualified production property" received under a specific section of the Internal Revenue Code, effective for taxable years beginning on or after January 1, 2026. The bill also repeals the original section of law it is amending.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Revenue Hearing (13:30:00 2/19/2026 Room 1524) (on 02/19/2026)
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=63098 |
| Fiscal Note for LB853 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB853_20260218-125247.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB853.pdf |
| Kauth FA493 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA493.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB853.pdf |
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