Department of Revenue, Sen. Jim Smith Propose Tax Law Adjustments Following Federal Tax Reform

LINCOLN, NE – Today, the Nebraska Department of Revenue and Senator Jim Smith of Papillion proposed LB1090, a bill which makes adjustments to Nebraska’s tax code in light of recently passed federal tax reform. The Tax Cuts and Jobs Act was signed into law on December 22, 2017. Passage of LB1090 assures that Nebraskans do not face a $200-million state tax increase as a result of the Tax Cuts and Jobs Act.