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Nebraska corporate tax cut wins initial OK from lawmakers By GRANT SCHULTEApril 27, 2021 GMT OMAHA, Neb. (AP) A proposed tax cut for corporations and a tax credit for parents grieving a stillborn child won initial approval Tuesday from Nebraska lawmakers, who criticized parts of the package but still gave it strong support. The measure advanced 41-1 in the first of three required votes, after hours of public debate spread over two days. The bill combines several proposals, including a gradual reduction in the top corporate income tax rate. Backers argued that the top corporate rate, 7.81%, should be lowered to match the top individual income tax rate of 6.84%. Under current law, many small businesses in Nebraska are allowed to file as individuals rather than corporations. They also contended that lowering the top rate would make Nebraska more attractive for investment without having to offer large, complicated incentive packages.

United statesLou ann linehanCurt friesenJohn cavanaughJohn stinnerLegislature revenue committeeGrant schulteGovernment and politicsPersonal taxesஒன்றுபட்டது மாநிலங்களில்லூ ஆண்டு லைன்ஹான்கர்ட் ஃப்ரைசென்ஜான் கவனக்குக்ஹ்சட்டமன்றம் வருவாய் குழுமானியம் ஸ்சுழ்தேஅரசு மற்றும் பாலிடிக்ஸ்