On 31 May 2023, the governor of the U.S. State of Nebraska signed Legislative Bill (LB) 754 into law. According to a release on the signing, LB 754 does the following: Reduces the top individual and business income tax rates to 3.99% by tax year 2027; Delivers full tax exemption for Social Security benefits a year early in 2024; and Provides tax credits related to childcare, for families and providers. With respect to business income tax, LB 754 amends the scheduled rate reductions established by LB 873 (previous coverage) as follows from 2024: For taxable years beginning or deemed to...