Printer Friendly
Email to a Friend
Governor Heineman Signs Tax Cut Measures
(KLZA) Nebraska Gov. Dave Heineman has signed three tax-cut measures into law, calling them small but important steps toward an improved state tax climate.
The Republican governor approved the bills Monday alongside 11 state senators who played a role in passing them.
One measure would eliminate an alternative minimum tax imposed by the state, and allow businesses to spread financial losses over a 20-year period when filing, instead of the current five.
Another bill would allow higher tax deductions for residents who are making contributions to a state-sponsored college savings program. A third bill would declare employee stock ownership plans as corporations, allowing individual shareholders to exclude dividends and capital gains from their taxable incomes.
The bills were signed as lawmakers prepare for a legislative study of Nebraska's tax system.
© Associated Press
MOST VIEWED STORIES
Three former Atchison Co employees arrested on felonies
Effingham woman killed Friday in Atchison wreck
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
Rural Horton man arrested on multiple drug charges
Services set for Effingham woman killed in crash
Street lights to be discussed at Monday city meeting
Meteorologist Spencer: Geometric Watch means electronic disruptions
Barricaded fugitive arrested in Jackson County
Two file to challenge local legislator
USD 430 Board accepts resignations, approves new hires
Fatal Atchison apt fire investigation continues
U.S. 36 work in Doniphan Co to impact motorists
Results from SE Nebraska contested Primary Elections
Truck fire at CGB facility in Falls City
Flags to fly half staff Wednesday across KS
Date set for signals switch at Hiawatha intersection
LATEST STORIES
Nemaha NRD Board appoints new Director
Johnson-Brock Board approves personnel changes
KS Omnibus Budget signed; funds mental health, economy, others
Pawnee City School to move forward with strategic planning
Falls City High School parking lot project approved
Annual fire hydrant flushing underway in Falls City
Memorial Day enforcement hits KS roads
Plastic ducks set to race in Atchison Saturday
Hiawatha, Ks 66434