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Lawmakers Focus On Tax Cuts For Seniors, Veterans

Lawmakers Focus On Tax Cuts For Seniors, Veterans

Nebraska lawmakers are poised to act this session on income tax cuts for seniors and veterans.

Lawmakers will debate a bill that would ensure Nebraska's income-tax brackets keep pace with inflation, while giving a greater tax break to low- and middle-income Social Security recipients. They also are likely to debate a tax-break for service members who choose to live in Nebraska after retiring from the military.

The bills were introduced in the wake of a legislative tax study last year. Senator Galen Hadley, chairman of the Legislature's Revenue Committee, says the tax-bracket bill would address cost-of-living salary increases that can bump taxpayers into a bracket with higher rates.

 

 

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