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Bill > LB872
NE LB872
NE LB872Eliminate an income reduction for extraordinary dividends and certain capital gains for income tax purposes
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 eliminate an income reduction for extraordinary dividends and certain capital gains; to provide an operative date; and to outright repeal sections 77-2715.08 and 77-2715.09, Reissue Revised Statutes of Nebraska.
AI Summary
This bill, effective for taxable years beginning on or after January 1, 2026, eliminates a tax deduction that taxpayers could previously claim for extraordinary dividends and certain capital gains. Specifically, it repeals sections 77-2715.08 and 77-2715.09 of the Nebraska Revised Statutes, which are the provisions that allowed for this income reduction, meaning these types of income will now be fully subject to income tax.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Revenue Hearing (13:30:00 2/20/2026 Room 1524) (on 02/20/2026)
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=63004 |
| Fiscal Note for LB872 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB872_20260219-124711.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB872.pdf |
| Kauth FA512 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA512.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB872.pdf |
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