Nebraska LB28 proposes an income tax adjustment for tip income.

Nebraska LB28 amends the state's tax code to adjust federal adjusted gross income by reducing it with the amount of tip income received. This adjustment applies to taxable years beginning on or after January 1, 2025. The bill also repeals the original section 77-2716, Revised Statutes Cumulative Supplement, 2024, and replaces it with these new provisions.

Nebraska LB28 proposes an income tax adjustment for tip income.

Nebraska LB28 amends the state's tax code to adjust federal adjusted gross income by reducing it with the amount of tip income received. This adjustment applies to taxable years beginning on or after January 1, 2025. The bill also repeals the original section 77-2716, Revised Statutes Cumulative Supplement, 2024, and replaces it with these new provisions.