Provide for an income tax adjustment for income received from overtime compensation

Summary

The bill amends Nebraska’s income‑tax code to let individuals deduct overtime earnings that are already counted in federal adjusted gross income. It also adds a series of other adjustments – for interest, dividends, foreign taxes, education‑savings contributions, military and public‑service benefits, and more – that affect both individuals and businesses. The measure failed and was indefinitely postponed.

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