NE LB802

Reduces Nebraska's top individual income tax rate (bracket 4) from 3.99% to 3.98% for taxable years beginning on or after January 1, 2027

Maintains the existing four-bracket individual income tax structure with rates of 2.46%, 3.51%, and graduated rates for brackets 3 and 4

Continues the phased rate reductions already in law: bracket 3 drops to 4.55% in 2026 and 3.99% in 2027; bracket 4 drops to 4.55% in 2026

Amends Section 77-2715.03 of the Revised Statutes Cumulative Supplement, 2024

Introduced by the Revenue Committee on January 7, 2026, during the 109th Legislature's second session