Nebraska’s top income tax rate would drop by nearly one-third under a measure advanced out of the Revenue Committee on Thursday.
Committee members voted 7-1 to send an amended version of Legislative Bill 754 to the full Legislature. The measure incorporates several pieces of Gov. Jim Pillen’s tax cut and school aid plan.
Those pieces together would reduce state tax revenues by at least $3.3 billion over six years, based on estimates from the legislative fiscal office.