- Legislative Bill 259–Personal Property Tax Relief Act: NFIB joined the Nebraska Chamber of Commerce and Industry, Nebraska Farm Bureau and Nebraska Bankers Association in presenting testimony before the Revenue Committee on January 29, in support of LB 259. Introduced by Sen. Mike Gloor (Grand Island), LB 259 would exempt the first $25,000 of depreciable tangible personal property from the Personal Property Tax. The bill would also provide for reimbursement to counties by the state for revenues lost due to the personal property tax exemption.
- Legislative Bill 73–Modern Tax Act: NFIB also submitted testimony in opposition to LB 73, which was heard before the Revenue Committee on January 30. Introduced by Sen. Paul Schumacher (Columbus), LB 73, beginning January 1, 2016, would impose a tax of 5½ percent on the amount of interest paid by a qualified debtor (resident of Nebraska, trust created under Nebraska law or business entity organized under Nebraska law or which has its principal office located in Nebraska) on any eligible loan (loan secured by real estate located in Nebraska, loan secured by filing Uniform Commercial Code filing, loan secured by a security or commercial paper held in or delivered to a creditor in Nebraska, loan secured by a vehicle titled in Nebraska or loan over which Nebraska courts have jurisdiction and venue in any action for default in payment). The bill would require the borrower to pay the tax to the lender at the time any regularly scheduled payment on the loan is due.
- Legislative Bill 494–Minimum Wage: LB 494, introduced by Sen. Jeremy Nordquist (Omaha), would gradually increase the state minimum wage rate for tipped employees from the current rate of $2.13 per hour to $3.00 in 2015-16, with annual increases of 95 cents per hour until the wage rate reaches 50 percent of the state minimum wage. NFIB is opposed to LB 494.
- Legislative Bill 599–Minimum Wage: LB 599 introduced by Sen. Laura Ebke (Crete) would authorize employers to pay young student workers (18 years of age or younger, attending any public or private high school, not eligible for the student learners vocational training wage) to be paid at a rate of $7.25 per hour, with no more than one-fourth of the total hours paid by the employer to be at the $7.25 rate. NFIB will support LB 599.
- Legislative Bill 611-Mandated Use of E-Verify Program: Sen. Bill Kintner (Papillion) has introduced LB 611, which would require, beginning January 1, 2016, private employers to register with and use a federal immigration verification system to determine the work eligibility status of new employees physically performing services within the state of Nebraska.
- Legislative Bill 156–Angel Investment Tax Credit Act: NFIB is supporting legislation introduced by Sen. John Stinner (Gering), LB 156 would increase from $3 million to $5 million the amount of tax credits allowed annually under the Angel Investment Tax Credit Act.
- Legislative Bill 278–Sales and Use Taxation: NFIB will also support LB 278, introduced by Sen. Burke Harr (Omaha), that would exempt motor vehicle washing and waxing services from the sales and use tax.
Small Business Day at the Captiol