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NE LB872

Bill

Official Source

Status

Introduced

1/8/2026

Primary Sponsor

Danielle Conrad

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • Repeals Nebraska statutes 77-2715.08 and 77-2715.09, which currently allow taxpayers to reduce their taxable income for extraordinary dividends and certain capital gains
  • Eliminates tax benefits that previously lowered state income tax liability on these types of investment income
  • Operative date of January 1, 2026, applying to all taxable years beginning on or after that date
  • Introduced by Senator Conrad (District 46) during the 109th Legislature, Second Session

Legislative Description

Eliminate an income reduction for extraordinary dividends and certain capital gains for income tax purposes

Last Action

Notice of hearing for February 20, 2026

2/12/2026

Committee Referrals

Revenue1/12/2026

Full Bill Text

No bill text available