LB 873 - Reduces Tax Rates - Nebraska Key Vote

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Title: Reduces Tax Rates

Vote Smart's Synopsis:

Vote to pass a bill that reduces tax rates

Highlights:

 

  • Specifies there shall be a refundable credit against the income tax imposed by the nebraska revenue act of 1967 (sec. 7).

  • Specifies for any fiscal year or short year taxpayer, the credit may be claimed in the first taxable year that begins following the calendar year (Sec. 7).

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