Ricketts signs 3 bills to avoid looming tax increases
LINCOLN, Neb. (AP) — Nebraska Gov. Pete Ricketts has signed three tax measures designed to shield residents from looming tax increases.
Ricketts approved the bills on Tuesday, one day before lawmakers convene for the last day of this year's session. The governor says the measures will help taxpayers, but he's disappointed lawmakers didn't approve his property and corporate tax package.
One measure signed will adjust the state's Social Security income tax brackets automatically to keep pace with inflation, starting in 2020. Another will prevent the new U.S. tax law from requiring Nebraska taxpayers to pay more on their state taxes.