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LB806 acts as an accelerator for a previously passed law. It would reduce the personal income tax rate from a planned rate of 6.64% beginning January 1, 2024, to 5.84% beginning with the tax year that began on January 1, 2023. Introduced at the request of the Governor. Click here to read the bill or...

LB804 would act as an “accelerator,” causing planned decreases in corporate income taxes that would take effect on January 1, 2024, to take effect as of January 1, 2023. Introduced on behalf of the Governor. Click here to read the bill and submit comments prior to the hearing date.

LB754 would reduce state personal income taxes to 3.99% by January 1, 2027; corporate tax rates would be reduced to 4.70%. Introduced by Senator Linehan at the request of the Governor. Click here to read the bill or submit comments for the hearing.

The Tax Cuts and Jobs Act (TCJA) of 2017 temporarily eliminated the factory tax by allowing full expensing for investments in business machinery and equipment in the year the investments occurred. This provision will expire beginning January 1, 2023. The TCJA of 2017 also allowed for full expensing for investments in research and experimentation (R&E)....

LB254 is supported by the Platte Institute and a number of other organizations. It would require the legislature to make those meetings of the legislature now live-streamed to be recorded and accessible by the public at a later time. Nebraska is one of only 4 states that does not have video archives available. Click here...

The Insurance Regulatory Sandbox Act would create a regulatory sandbox program under the Department of Insurance which would allow a participant in the program to temporarily test innovative insurance products or services on a limited and supervised basis. Sandboxes–typically related to advances in technology–are being implemented in different fields around the world, as innovators and...

LB577 is supported by a coalition of organizations, including the Platte Institute. The bill would end the practice of “home equity theft” whereby county treasurers can sell tax deeds to private entities, who can then foreclose on the property and sell it, keeping any excess funds after the sale. The bill would require expanded notice...

LR23CA is a Platte-supported measure that would send the question of inheritance tax to the ballot as a proposed constitutional amendment. Click here to read the full text, and to submit comment when the hearing has been scheduled.  

The Platte Institute supports LB16, a reintroduction of two bills Platte supported in the 107th Legislature: LB263 and LB709. The bills made it out of committee on a 7-0-1 vote, but ran out of time before the 60-day session concluded. This bill would allow an alternate way of licensing workers from other states through recognition...