Retirees and low-income elderly residents could see their tax burdens lowered in Nebraska under measures in a legislative committee.
The bills presented Wednesday would allow more elderly Nebraskans to qualify for homestead exemptions, and exempt a portion of Social Security income from state taxes.
One bill would ensure that the state's tax brackets keep pace with inflation. Sen. Galen Hadley, chairman of the Revenue Committee, says the tax-bracket bill amounts to a tax cut that would benefit residents of all incomes.
The proposals were introduced after a series of public hearings held by the Legislature's Tax Modernization Committee.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.