LB939 cuts Nebraska’s top individual income tax rate in several steps from the current 6.84 percent to 5.84 percent by tax year 2027.
The Senate voted to pass LB939 on February 24, 2022 by a vote of 40 to 1. We have assigned pluses to the ayes because a reduction in taxes is a step in the right direction when it comes to shrinking the size of government and provides more economic freedom to the taxpayers.