Mar 31, 2022

Lawmakers slog toward a vote on income, property tax package

Posted Mar 31, 2022 12:31 PM

By Associated Press

LINCOLN, Neb. (AP) — Nebraska lawmakers are working to advance a large, multi-pronged tax package despite concerns that it would send the biggest benefits to high income-earners.

The bill would cut the top personal and corporate income tax rates, create a new tax credit for property owners and accelerate the phase-out of a Social Security income tax that lawmakers approved last year.

It appears likely to advance through the first of three required votes Wednesday, although some lawmakers said they would push for more changes.

Supporters say the measure would make Nebraska more attractive to seniors and businesses and competitive with its neighboring states.