Nebraska LB998 amends state income tax deductions for members of the Nebraska National Guard.
Nebraska LB998 modifies state income tax deductions for members of the Nebraska National Guard. It allows members to exclude certain income from their federal adjusted gross income. Specifically, members can exclude 100% of income from military duty, federal dual-status technician employment, or state active duty status. The bill also adjusts deductions for various other income sources and benefits, including retirement benefits, medical debt relief, and educational savings plans. It repeals the original section 77-2716 and replaces it with new provisions effective from 2025 onwards.
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