Governor Hails Major State Tax Reduction Bill Approved By Legislature Regional Government
Proposal (LB873) will reduce the state’s maximum income tax rate for individuals and companies, extend state income tax credits to real estate taxpayers, and accelerate the previously approved phasing out of state Income tax on income tax. The resulting decline in expected government revenue estimated by the Nebraska Department of Revenue will increase from $ 213.8 million in fiscal year 2023-24 to $ 867.2 million in fiscal year 2026-27....