Bringing veterans to Nebraska
This week, the Nebraska Legislature kicks off a new session at the State Capitol. Over the interim, I’ve been working with my team and Senators to prepare important initiatives such as property tax relief and flood assistance. On Wednesday, January 15th, I will detail my plans for the session in my annual State of the State address, which you can watch online at www.netnebraska.orgor read once it’s posted on my website which is listed below.
Ahead of this address, I want to share one very important priority with you. Early in the session, the Legislature is expected to debate tax relief for veterans. Last year, LB 153 was introduced by Senator Tom Brewer of Gordon and prioritized by Senator John Lowe of Kearney at my request. This bill proposes to exempt 50 percent of military retirement benefits from income tax. The Revenue Committee voted to advance it to the full Legislature for floor debate.
Military retirement tax relief is important for several reasons.
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