Nebraska Provides National Guard Individual Income Tax Exclusion

The Nebraska Governor signed a law that includes, for taxable years beginning on or after Jan. 1, 2027, providing a 100 percent individual income tax exclusion of income received, to the extent included in federal adjusted gross income, by Nebraska Nation Guard members: 1) serving in a state active duty status; 2) employed as a 32 U.S.C. federal dual-status technician with the Nebraska National Guard; or 3) serving in a 10 U.S.C. or 32 U.S.C. military duty status while a member of the Nebraska National Guard. The law takes effect three calendar months after adjournment of the legislature. [L.B. 998, ...