Provide for an income tax adjustment for tip income

Summary

The bill rewrites Section 77‑2716 of the Nebraska tax code, adding a new subtraction for tip income and a series of other adjustments to federal adjusted gross income. It would affect individuals, corporations, fiduciaries and certain nonprofit entities by changing how interest, dividends, foreign taxes, education‑savings contributions, military pay, medical debt and other items are treated for state tax purposes. The measure failed and was indefinitely postponed.

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