LINCOLN, Neb. (AP) — Several Nebraska lawmakers shared proposals Wednesday to get rid of taxes on Social Security benefits aimed at making Nebraska a more appealing place to retire.
The Legislature's Revenue Committee heard from three lawmakers Wednesday and is scheduled to hear several more proposals Thursday related to exempting retirement benefits from taxation.
Lawmakers are looking into this issue after advocates and reports painted Nebraska's tax law as unfriendly to baby boomers. In 2012, Kiplinger magazine rated Nebraska the sixth worst tax friendly states for retirees. Nebraska is among six states that tax Social Security benefits at the same rate as the federal government.
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