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NE LB857
Bill
Status
Introduced
1/8/2026
Primary Sponsor
George Dungan
Click for details
AI Summary
- Amends Section 77-2714 of the Reissue Revised Statutes of Nebraska to update federal tax law references used for state income tax purposes
- Sets a fixed conformity date of January 1, 2024 for the Internal Revenue Code of 1986 and other federal income tax laws
- Removes "rolling conformity" language that previously allowed automatic adoption of federal tax changes "as the same may be or become effective, at any time or from time to time"
- Maintains existing provisions that terms in Nebraska tax code (sections 77-2714 to 77-27,123) have the same meaning as federal tax law unless otherwise specified
- Organizations exempt from federal income taxes remain exempt from Nebraska income tax under the Nebraska Revenue Act of 1967
Legislative Description
Change federal references related to taxation under the Nebraska Revenue Act of 1967
Last Action
Notice of hearing for February 19, 2026
2/11/2026
Committee Referrals
Revenue1/12/2026
Full Bill Text
No bill text available