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LB 405: Eliminate certain sales tax exemptions, corporate and individual income taxes, and the franchise tax and change other tax provisions

As introduced: LB 405 eliminates the income tax on individuals, estates, trusts, and corporations; eliminates the financial institutions franchise tax and select sales tax exemptions; changes reporting requirements for the Nebraska Tax Expenditure Report; and changes certain benefits under various tax incentive programs. LB 405 eliminates the income tax on…...

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LB 405: Standing up for “the Good Life”

  In Nebraska, we pride ourselves in having built “the Good Life” for our children and families.  The high quality of life that we enjoy was not created overnight and did not happen by accident.  Instead, the education, health care and other public systems that we enjoy today have been…...

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