Posted 1 year ago
By Corey Sorenson
LINCOLN, Neb. (AP) — Nebraska lawmakers are poised to act this session on income tax cuts for seniors and veterans.
Lawmakers will debate a bill that would ensure Nebraska’s income-tax brackets keep pace with inflation, while giving a greater tax break to low- and middle-income Social Security recipients. They also are likely to debate a tax-break for service members who choose to live in Nebraska after retiring from the military.
The bills were introduced in the wake of a legislative tax study last year. Senator Galen Hadley, chairman of the Legislature’s Revenue Committee, says the tax-bracket bill would address cost-of-living salary increases that can bump taxpayers into a bracket with higher rates.
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