Printer Friendly
Email to a Friend
(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
Sabetha couple killed in Brown Co crash
Dean, assistant, secured for proposed BC med school
Registered drug offender returned to Atchison Co Jail
Injuries, damage averted in Sabetha house fire
Trump thankful for late Deputy's service, sends Brown Co letter
Spilled mower fuel blamed for Atchison fire
Two arrested after Humboldt search warrant
Atchison man pleads not guilty to charges in Brown Co case
Flags to fly at half-staff in honor of fallen firefighters
Former Atchison Co Commissioner passes at 97
Richardson County Board denies grievances
Mayetta man faces child sex-crimes in Shawnee Co
Additional Nemaha County filings
Ceremony Tuesday for historic Lady Ravens victory
Richardson Co board conducts grievance hearing
Atchison Memorial Hall future focus of May 13 mtg
Commencement Speaker named for MHMA
LATEST STORIES
Community survey assessed by Atchison leaders
Drowning concerns grow as summer approaches
Mayetta man faces child sex-crimes in Shawnee Co
Annual activities planned for Saturday in Atchison
Holt County MO I-29 ramp project scheduled
Scrub -seal projects planned in NW Missouri
Richardson County Board denies grievances
Falls City Council approves bonds for added electrical capacity
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
Hiawatha, Ks 66434