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NE LB30

Bill

Official Source

Status

Introduced

1/9/2025

Primary Sponsor

Danielle Conrad

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • Overtime compensation paid under the federal Fair Labor Standards Act of 1938 would be subtracted from federal adjusted gross income for Nebraska state income tax purposes
  • Effective for taxable years beginning on or after January 1, 2025
  • Applies only to individuals (not corporations or fiduciaries)
  • Amends Section 77-2716 of the Revised Statutes by adding a new subsection (27) to the existing list of income tax adjustments

Legislative Description

Provide for an income tax adjustment for income received from overtime compensation

Last Action

Spivey name added

2/18/2026

Committee Referrals

Revenue1/13/2025

Full Bill Text

No bill text available