NE LB853

Amends Nebraska's income tax code (section 77-2716) to require taxpayers to add back federal depreciation deductions for "qualified production property" taken under IRC section 168(n) when calculating Nebraska taxable income

Effective for taxable years beginning on or after January 1, 2026

Applies to individuals, corporations, and fiduciaries filing Nebraska income tax returns

Decouples Nebraska from this specific federal accelerated depreciation provision, increasing state taxable income for affected taxpayers