(KTNC) - The Nebraska Legislature is nearing the end of its 90-day session. The Legislature gave final approval to the budget bills last week, while some bills have been dropped from the agenda.
First district Senator Dan Watermeier says in his weekly update that the bill he designated as his priority bill gained first and second round approval. The bill, LB-308, seeks to repeal Nebraska’s alternative minimum tax, or A-M-T, which Watermeier says only exists in nine states. (play audio :41 “revenue ruling.”)
The bill, as amended, also updates Nebraska’s Net Operating Loss Carry Forward Policy, extending it to 20-years from the current five years. Watermeier says that would benefit small businesses, new businesses, and agriculture.
Another bill that gained second round approval is LB-507, which creates the “Step up to Quality Child Care Act.”
Watermeier says the legislation seeks to bring accountability to the $94 million the state invests in childcare and early childhood education by creating a five-step quality rating and improvement system. (play audio :32 “their education.”)
Bills need to make it through three rounds of debate for final approval. The Nebraska Legislature is due to adjourn on June 5th.
© MSC News
MOST VIEWED STORIES
Two arrested after Doniphan Co traffic stop
Seven arrested in Atchison drug investigation
Fund set up for Hiawatha couple who lost home in fire
Atchison man sentenced on child sex charge
Sabetha Community Hospital appoints new CEO
Two arrested after Jackson Co pursuit and manhunt
Atchison woman sentenced on charges in fatal crash
Heavy rain contributed to wreck injuring one person
Man arrested in Tecumseh, Neb following standoff
Shots fired, vehicle attack, leads to Mayetta arrest
Longtime Nemaha Co Appraiser retires
One killed, 3 injured in NW MO crash
Jackson Co traffic stop results in two arrests
KDOT work means Jackson Co delay
Longtime Sabetha Fire Chief recognized for service
Atchison Co: Motorists reminded to use only hwy detours
Hiawatha City Commission sets fireworks dates, times
Brown Co Appraiser re-appointed
Child abuse arrest made in Pawnee County
Brownville under consideration for small modular nuclear reactor
LATEST STORIES
Shots fired, vehicle attack, leads to Mayetta arrest
Nominees sought to fill local judicial seat
Protect yourself from West Nile Virus
Unemployment figures mixed in SE Nebraska in May
Purchase of 2 patrol units for Richardson Co Sheriff's Office approved
One killed, 3 injured in NW MO crash
New firm to do facilities assessment for USD 415
St. Joseph Mo man injured after boat explodes
RELATED STORIES
Neb Gov seeking nominations for legislative vacancies
Nebraska Lawmakers Reject Vaccination Bill
New Committees For Neb Senator Watermeier
Study Shows Drop in Nebraska Groundwater Levels
Pawnee City Supt. Testifies at Education Committee Hearing
Royalty Crowned on Opening Night of Richardson Co Fair
Medicaid Expansion Discussed During Falls City Open House
Legislative Open Houses Saturday in SE Nebraska