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Nebraska lawmakers advance bill to cut $71M in tax incentives to address $289M budget gap.
Nebraska lawmakers have advanced Legislative Bill 650, a measure to roll back $71 million in tax incentives to help close a projected $289 million budget deficit.
The bill, which passed 36-2, includes reductions to various tax credits and exemptions, such as those for biodiesel and charitable donations.
While supporters see it as a necessary budget management tool, critics argue it functions as a de facto tax increase.
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Los legisladores de Nebraska adelantan proyecto de ley para recortar $71M en incentivos fiscales para abordar el déficit presupuestario de $289M.