Maddy summaryLB 171 adjusts Nebraska's individual and corporate income tax rates for 2025 and future years. It reduces the top individual income tax rate from 6.84% to 5.20% for taxable years beginning January 1, 2025, with further gradual reductions to 4.55% in 2026 and 3.99% after 2027. The bill also modifies corporate tax rates and establishes a new inflation adjustment mechanism using the Consumer Price Index for income tax brackets. This directly affects Nebraska residents and businesses filing state income taxes, altering their tax liability based on income levels. The changes apply to tax years starting in 2025, with specific rate schedules updated annually.
Sponsored bills
Maddy summaryThis bill amends Nebraska's tax code to adopt the First-Time Homebuyers Savings Account Act, though the provided text primarily details tax adjustments for educational savings programs (specifically referencing the Nebraska educational savings plan trust and "Achieving a Better Life Experience" accounts). It would allow taxpayers to subtract contributions made to these educational savings accounts from their federal adjusted gross income for state tax purposes. The bill directly affects Nebraska residents who contribute to these specific savings programs. The provisions are procedural tax adjustments, not new funding or direct homebuyer assistance. (Note: The bill title references homebuyers, but the text provided focuses on educational savings; no homebuyer-specific provisions appear in the truncated text.)
Maddy summaryLB 107 creates a new refundable income tax credit for Nebraska renters with lower incomes. It directly affects renters earning $29,000 or less annually, providing a credit equal to 100% of a federal tax credit for those earning under $22,000, with the percentage decreasing by 10% for each $1,000 over $22,000. The credit is refundable, meaning eligible renters would receive the full credit amount even if it exceeds their state tax liability. The bill also modifies existing property tax credit provisions, though specific changes to those are not detailed in the provided text.
Maddy summaryThis bill's title claims to address "income tax adjustment for tip income," but the provided text contains no provisions related to tips or gratuities. Instead, the bill amends Section 77-2716 to modify standard tax adjustments for interest, dividends, net operating losses, and other income types (e.g., excluding certain bond interest or educational savings plan contributions). It does not include any specific changes to how tip income is taxed. The actual text focuses on federal income tax adjustments under Nebraska law, unrelated to service industry tips. The discrepancy between the title and the bill's content suggests a possible error in the title or description.
Maddy summaryLB 153 requires Nebraska's Department of Health and Human Services to submit a state plan amendment to the federal government seeking approval to extend Medicaid postpartum coverage from 60 days to at least six months for eligible new mothers. This change would directly affect Medicaid-covered postpartum individuals, ensuring continued health insurance coverage during the critical postpartum period. The bill specifies that funding for this extension would come from the Medicaid Managed Care Excess Profit Fund, as outlined in Section 68-996. The amendment seeks federal matching funds to support this expanded coverage period under the Children's Health Insurance Program.
Maddy summaryLB 67 requires hospitals in Nebraska to provide sexual assault survivors with clear, accurate information about emergency contraception in their preferred language, including offering a full course unless declined. It mandates hospital staff training on providing objective information and ensures survivors can access emergency contraception as part of standard care following an assault. The bill also establishes a confidential complaint process with the Department of Health and Human Services for hospitals failing to comply, while protecting individuals who report violations from liability.
Maddy summaryThis bill transfers $500 million from the Perkins County Canal Project Fund to the Water Sustainability Fund by June 30, 2025. It updates the legal description of the Perkins County Canal Project's purpose to emphasize water rights protection under the South Platte River Compact but does not alter the project's development plans. The transfer is intended to redirect funds toward broader water sustainability efforts, with the original fund provisions being repealed. The bill has no direct impact on the canal's construction timeline or route planning.
Maddy summaryLB 86 appropriates $500,000 from the General Fund for Fiscal Year 2025-26 to the Department of Natural Resources specifically for Program 334. This funding enables grants to natural resources districts that manage over 250 watershed structures, covering projects costing more than $30,000 per structure for operation, maintenance, or repair. The bill is classified as an emergency measure, taking effect upon approval.
Maddy summaryLB 674 amends Nebraska law to redirect funds from the Perkins County Canal Project Fund. It requires transferring $250 million to the General Fund and $250 million to the Water Sustainability Fund by June 30, 2025, for state use. The bill also directs the Department of Natural Resources to conduct a study on the canal project's costs, timeline, alternatives, and impacts on Lincoln and Omaha's water supplies, with findings due to the Legislature by December 31, 2022. This legislation restates the state's intent regarding the South Platte River Compact but does not fund actual canal construction. The bill takes immediate effect due to an emergency declaration.
Maddy summaryThis bill establishes a $1,000 annual limit on individual contributions to candidate campaign committees in Nebraska during an election year. Campaign committees must refund any contributions exceeding this amount within 10 days and report the details, including the donor's name and address. The limit applies to all donations received during the calendar year of an election but does not cover funds a candidate personally contributes to their own committee. This amendment modifies Nebraska's campaign finance rules to standardize contribution restrictions under the Political Accountability and Disclosure Act.