A proposal to cut Nebraska’s top individual and corporate income tax rates to just under 4% beginning with tax year 2027 advanced to the final round of debate May 11 after senators amended it to remove certain other tax benefits included on general file.
LB 754, introduced by Elkhorn Sen. Lou Ann Linehan at the request of Gov. Jim Pillen, would cut the top individual and corporate income tax rates in increments over the next several years to 3.99%.
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