Nebraska Lawmakers Pass Social Security Tax Exemption

Nebraska residents receiving Social Security income will play less in taxes on that income each year until it’s fully exempt in 2030.  The bill won final approval in Lincoln by a 41-0 vote and is expected to be signed by Governor Pete Ricketts.

Taxes paid on Social Security income would be reduced by 5 percent this year, 20 percent next year and continue up to 100 percent in 2030.