Bill
Bill > LB857
NE LB857
NE LB857Change federal references related to taxation under the Nebraska Revenue Act of 1967
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 77-2714, Reissue Revised Statutes of Nebraska; to change federal references; and to repeal the original section.
AI Summary
This bill amends Section 77-2714 of the Reissue Revised Statutes of Nebraska to update references to federal tax laws. Specifically, it changes the date for amendments to the Internal Revenue Code of 1986 and other federal income tax laws that are used to define terms and guide taxation under the Nebraska Revenue Act of 1967. The bill clarifies that these federal laws, as amended on January 1, 2024, will be the standard for interpreting Nebraska's tax provisions, replacing older language that referred to amendments "thereto" and "from time to time." The original version of Section 77-2714 is repealed and replaced by this updated language.
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
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=63099 |
| Fiscal Note for LB857 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB857_20260218-125254.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB857.pdf |
| Kauth FA497 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA497.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB857.pdf |
Loading...