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NE LB710

Bill

Official Source

Status

Introduced

1/22/2025

Primary Sponsor

Eliot Bostar

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • Increases Nebraska's state earned income tax credit (EITC) from 10% to 20% of the federal EITC for taxable years beginning on or after January 1, 2025
  • The credit remains refundable, meaning eligible taxpayers can receive the full credit amount even if it exceeds their tax liability
  • Amends section 77-2715.07 of the Nebraska Revised Statutes to implement the change
  • Eligibility continues to require that individuals would have qualified for the federal credit under IRC Section 32 after accounting for any net operating loss carryforwards

Legislative Description

Increase the earned income tax credit

Last Action

Spivey name added

2/19/2026

Committee Referrals

Revenue1/24/2025

Full Bill Text

No bill text available