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A look at LB 987 — a bill to index income tax brackets and expand exemption for Social Security income
Today the Legislature may take up debate on LB 987, a bill to index Nebraska’s personal income tax brackets for inflation and expand exemption of Social Security benefits.
Below we take a closer look at LB 987 and its potential impact.
What it does: Bill indexes individual income tax brackets for inflation and expands the Social Security exemption.
What it… (read more)
This week the Legislature will begin debate on the state budget. Ahead of this debate, there has been much talk of using money from Nebraska’s rainy day fund to fund tax cuts and other ongoing expenditures. Much of the discussion about the use of the rainy day fund has been buoyed by recent strong revenue projections.
OpenSky believes now is… (read more)
See a schedule of Legislative events and floor debate for bills and initiatives that OpenSky is focused on this session.
A closer look at LB 986, a bill that would expand Nebraska’s Homestead Exemption, which provides property tax assistance to Nebraskans based on certain age, income, disability status and home value criteria.